Answer:
$60 million
Explanation:
Working capital is the amount of resources at the disposal of a firm in order to run its day-to-day activities.
Working capital is determined by deducting total current liabilities from total current assets
Jones and Co.'s working capital for the year 2019 is the difference between the current assets for 2019 and the current liabilities for the same year
current assets is $100 million
current liabilities is $40 million
working capital=$100 million-$40 million=$60 million
This action could have been caused by writing off an uncollectible account.
A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.
If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.
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Answer:
Self nurturing
Explanation:
Self nurturing refers to teaching oneself and to learn along a period owing to the projects one undertakes. This means experience and knowledge attained over time by an individual. Such knowledge is acquired by an individual on his own.
Self nurturing entrepreneurs are those entrepreneurs who have immense self belief and who back their views and business ideas.
In the given case, Wilson has learnt from his experiences, the importance of organizational culture and what it stands for. Here Wilson depicts the trait of learning along on his own and being self taught. This displays the attribute of self nurturing.
