1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
s344n2d4d5 [400]
2 years ago
8

Andre's Dog House had current assets of $67,200 and current liabilities of $71,100 last year. This year, the current assets are

$82,600 and the current liabilities are $85,100. The depreciation expense for the past year is $9,600 and the interest paid is $8,700. What is the amount of the change in net working capital?
Business
1 answer:
e-lub [12.9K]2 years ago
8 0

Answer:

$1400

Explanation:

Net working capital is obtained by subtracting total current liabilities from total current assets.  Current assets and liabilities are expected to be used or paid within one year.

Change in net working capital would be the change in current assets - change in current liabilities.

last year  current assets  $67,200 : current liabilities $71,100

This year  current assets  $82,600 : current liabilities  $85,100

change Net operating capital = {$82,600- 67,200} - {85,100 - 71,100}

                     =$15,400 -14,000= -$1400

Change in networking capital = $1400

You might be interested in
Which of the following statements about credit scores is TRUE? A Credit scores reflect how likely individuals are to repay their
alex41 [277]
I believe it would be D. all of the above
6 0
2 years ago
Which label(s) would mark the produce that you are least likely to purchase even if it was very affordable?A.no label B.100% org
Burka [1]

Answer:  C.grown with pesticides and chemical fertilizers

Explanation: We must choose this answer because pesticides and chemical fertilizers are guilty of most allergies and diseases worldwide. The best action you can do is choose 100% natural and organic items certificate on the label, so we make sure that they will be suitable for our consumption without any consequence.

7 0
3 years ago
On December 31, 2015, Peligrino Co. has a long term note payable of $800,000. Of that balance, $100,000 will be paid within one
Studentka2010 [4]

Answer:

$700,000

Explanation:

The portion of the long term note payable that is due within one year must be reported as current portion of long term debt (CPLTD) and must be included under current assets. In this case, the current portion of the long term debt is $100,000, so the portion that must be reported as long term debt is $800,000 - $100,000 = $700,000.

3 0
3 years ago
The Oxford Provident Building Association was the first ________ to form in America.
11Alexandr11 [23.1K]

Answer:

Savings and loan association

Explanation:

8 0
3 years ago
This year Lloyd, a single taxpayer, estimates that his tax liability will be $11,350. Last year, his total tax liability was $15
Dmitrij [34]

Answer:

Lloyd needs to increase his witholding tax to $1,560 this year in order to avoid the underpayment penalty .

Explanation:

As a rule, a citizen can maintain a strategic distance from an underpayment of punishment if their retention and evaluated assessment installment measure up to or surpass one of the two safe harbours

90% of current expense risk = 90% × $11,350

= $10,215

100% of past assessment risk = $15,900

Since his(Lloyd) retention is not equal to or exceed $10,215 or $15,900

Llyod should expand retaining or make payment this year in order to stay away from underpayment punishment

= $10,215 - $8,655

= $1,560

3 0
2 years ago
Other questions:
  • At the beginning of the year, Penny's "tax basis" capital account balance in the PAL Partnership was $60,000. During the tax yea
    11·1 answer
  • The formal or informal societal rules that specify or prohibit certain behaviors in specific situations are called ______.
    6·1 answer
  • Problem 5-3A Record transactions related to accounts receivable (LO5-3, 5-4, 5-5) [The following information applies to the ques
    13·1 answer
  • Noncash assets are expected to produce cash over time but the amount of cash they eventually produce could be higher or lower th
    6·1 answer
  • A company uses a behaviorally anchored rating scale (BARS) for performance appraisals, but it is finding that is at work; manage
    15·1 answer
  • Franklin Corporation issues $50,000, 10%, 5-year bonds on January 1, for $52,100. Interest is paid semiannually on January 1 and
    15·1 answer
  • The ____ server is usually a high-powered workstation that maintains a large file system of data sets, user profiles, and access
    11·1 answer
  • When inserting an image that needs to appear directly below a section heading with other text below the image, the image should
    5·2 answers
  • 1. What's NOT an assumption we usually make about costly products and services?
    6·1 answer
  • A convertible bond would let the investor exchange it for:____.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!