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3 years ago

Use the following data to determine the total amount of working capital.

Business

1 answer:

ValentinkaMS [17]3 years ago

4 0

Answer:

Sheffield Corp.

The amount of working capital

= Current Assets minus Current Liabilities

= $596,300 - $229,000

= $367,300

Explanation:

a) Data and Calculations:

Cash $200,000

Accounts receivable 154,000

Inventory 152,000

Prepaid insurance 90,300

Total current assets $596,300

Stock investments (long-term) 266,000

Land 299,000

Buildings $305,000

Less: Accumulated

depreciation (55000) 250,000

Goodwill 216,000 $1,031,000

Total assets $1,627,300

Accounts payable $202,000

Salaries and wages payable 27,000

Current Liabilities $229,000

Mortgage payable 236,000

Total liabilities $465,000

Common stock $420,300

Retained earnings 742,000

Total stockholders' equity $1,162,300

Total liabilities and stockholders' equity $1,627,300

The difference between Sheffield Corporation's current assets and the current liabilities is known as the working capital. It is the excess between these two parameters.

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Afirm has production function q=10"(L^0.5)*(K^0.5), where "L"0.5" means "L raised to the 0.5 power," and the same applies to the

Amanda [17]

Answer:

(A) 15 × p

(B) $225\times p{^2}$

Explanation:

(B) direct= demand function of labor will be,

Q: f(w),

where Q is labor demand quantity and is function of wage

K=9 constant, then production function changes to,

$=30L^{0.5}$

Marginal product of labor:

$= 15L^{-0.5}$

Marginal revenue product or value of marginal product:

$=15p\times L^{- 0.5}$

This is showing what revenue a firm will generate due to hiring one additional unit of labor.

So firm will keep hiring until the revenue the additional labor is generating is equal to its hiring cost or wage.

So, putting MRP or VMP to wage:

$P\times15\times L^{-0.5}=W$

By solving,

$\frac{(225\times p^{2})}{W^{2}}=L$

And the multiplicative term is $225\times p{^2}$

(A) Inverse demand function of labor will be,

W: f(Q)

where W is wage rate and demand function of labor demanded quantity.

As previously solved,

$P\times15 \times L^{0.5}=W$

and the multiplicative constant term is 15 × p.

$=10L^{0.5}\times k{^0.5}$

$MP=\frac{(5\times k^{0.5})}{L^{0.5}}$

$VMP=\frac{P(5\times k^{0.5})}{L^{0.5}}$

( p is market price of good that firm is producing using labor)

putting it equal to Wage)

$W=\frac{(5\times k^{0.5})}{L^{0.5}}$

and the constant term is $P\times 5\times k^{0.5}$ .

Note:

I did a) second place and b) on first . I already put the serial alphabet on the start of the answer.

8 0

3 years ago

The liabilities of Blue Spruce Company are $87,000. Common stock account is $145,000; dividends are $44,000; revenues, $462,000;

kotykmax [81]

Answer:

$332,000

Explanation:

Given that,

Liabilities = $87,000

Common stock = $ 145,000

Revenue = $ 462,000

Expenses = $ 318,000

Dividends = $ 44,000

Total assets = Liabilities + Common stock + Revenue – Expenses – Dividends

= $87,000 + $ 145,000 + $ 462,000 - $ 318,000 - $ 44,000

= $ 694,000 - $ 362,000

= $332,000

Therefore, the amount of Blue Spruce Company’s total assets is $332,000.

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Alenkasestr [34]

Answer:

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Explanation:

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Answer:

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