The initial net working capital requirement for this project exists $69,000.
<h3>What is meant by net working capital?</h3>
The difference between a company's current assets such as cash, accounts receivable/unpaid invoices from customers, and inventories of raw materials and completed goods and its current liabilities such as debts and accounts payable is known as working capital, sometimes known as net working capital (NWC).
The difference between a company's current assets and current liabilities is known as net working capital. A company's balance sheet is used to calculate net working capital. The more net working capital you have, the more probable it is that your business will be able to pay its present commitments.
net working capital requirement = $61,000 − 28,000 + 36,000
net working capital requirement = $69,000
The initial net working capital requirement for this project exists $69,000.
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Given :
account balances in Accounts Receivable = $314,000
Allowance for Uncollectible Accounts = $590
allowance for uncollectible accounts should be 4% of accounts receivable.
To Find :
Bad debt expense
Solution : A bad debt expense is recognized when a receivable is no longer collectible because a customer is unable to fulfill their obligation to pay an outstanding debt due to bankruptcy or other financial problems.
We first find the balance that should be in the allowance account as of December 31
$314,000 × 4% = $12,560
We subtract the current balance in the allowance account to find the bad debt expense for
$12560 - $590 = $11,970
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Answer:
In the following situation:
A firm that makes electronic circuits has been optimally ordering a certain raw material 250 ounces at a time. The firm estimates that the carrying cost is I = 30% per year and that ordering cost is about $20 per order. The current price of the ingredient is $200 per ounce.
The value of annual demand for the action optimal is:
93,750.
Explanation:
To understand this answer we need to understand first a few things. First, an Economic Order Quantity is a concept in inventory management that represents the order quantity that reduces at is last point the holding and ordering costs. The formula to calculate it is:
The square root of [( two times the annual demand in units times the incremental cost to process an order) Divided by (the incremental annual cost to carry one unit in inventory)]
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