Net working capital is the difference between the Total Current Assets and Total Current Liabilities.
The December 31, 2015, balance sheet of Maria's tennis shop, inc., showed current assets of $1,145 and current liabilities of $935.
Hence, Net working capital as on December 31, 2015 shall be (1145-935) = $210
The December 31, 2016, balance sheet showed current assets of $1,360 and current liabilities of $1,035.
Hence, Net working capital as on December 31, 2016 shall be (1360-1035) = $325
So the change in the net working capital in the year 2016 shall be (325-210)= <u>$115</u>
Answer:
The dividends on common stock in 2014 for Mays, Inc was:
Dividends paid=$2650
Explanation:
1. You must follow the formula below to find out the Dividends Paid by Mays inc,
Payout ratio = (dividends paid/net earnings for the period) x 100 then,
Dividends paid= (Payout Ratio/100) x net earnings for the period
Dividends paid= (25%/100)x$
1'060.000
Dividends paid=$2650
Answer:
No answer is correct.
If we use the values set by the IRS for 2019, the total travel costs deduction = $290.58.
If we use the 2018 value, the total travel costs deduction = $273.05
Explanation:
The new mileage reduction set by the IRS for 2019 is 58 cents (up from 54.5 cents) per mile. Since Jermaine had to travel 3 times during the year and drove for 167 miles, his total deduction should be:
- total travel costs deduction = 3 x 167 x $0.58 = $290.58
If we use the 2018 deduction rates, Jermaine's total travel deduction will be:
- total travel costs deduction = 3 x 167 x $0.545 = $273.05
Answer:
The correct option is C,the funds have a positive cost that is less than new equity issues.
Explanation:
Retained earnings have costs attached to it because the common stockholders expect that the company would use its retained earnings effectively such that is able to pay dividends at year or in such a way that the company's stock share price appreciates(capital gains yield)
However, the cost of retained earnings is lower when compared with new equity issues since the new issue would require issue costs such as regulatory fees as well as underwriter's commission.
A company is involved in a lawsuit for which the contingent liability is remote. The liability should be treated on the balance sheet as unrecorded and undisclosed.
On the balance sheet, the liability should be treated in a manner that is unrecorded and undisclosed:
- The balance sheet stands for a financial statement that communicates the book value of a particular organization.
- Contingent liabilities rely upon the outcome of an unlikely event.
- These contingent obligations become liabilities in the future.
- If the contingent liability happens to be remote, then it must not be reflected in the balance sheet.
- The liability should be treated on the balance sheet as unrecorded and undisclosed.
Therefore, if a company is involved in a lawsuit for which the contingent liability is remote then the liability should be treated on the balance sheet as undeclared and undisclosed.
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