39 days of working capital financing does midas need to obtain from other sources.
Working capital, often referred to as net working capital, is the difference between a company's current assets—such as cash, accounts receivable, stocks of raw materials and finished goods—and its current liabilities—such as accounts payable and the percentage of debt due within a year.
The difference between current assets and current liabilities determines how much quick cash the company has on hand or has to raise.
When there is a positive working capital balance, current assets are greater than current liabilities.
On the other side, a negative working capital balance shows that current obligations are greater than current assets.
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Answer: The four decision making styles are the Directive, Analytical, Conceptual, and Behavioral styles.
Explanation:
A. The conceptual style decision makers willingly take risks, are innovative, and most times, are indecisive.
B. The Behavioral style decision makers like obtaining opinions from others, they are accommodating, and welcome suggestions from people.
C. Analytical style decision makers take a lot of time to make decisions. They over - analyze matters, consider more alternatives, and are autocratic.
D. Directive style decision makers are task oriented, logical, pragmatic in their approach to problems, and are prone to take action.
Answer:
$44,800
Explanation:
For computation of capital balance we need to find out first total capital, shares, gain and Orton shares which is shown below:-
Total capital = $60,000 + $40,000 + $20,000
= $120,000
Shares = Total capital × Interest rate
= $120,000 × 0.10
= 12,000
Gain = Investment - Shares
= $20,000 - $12,000
= $8,000
Orton Shares = Gain × 3 ÷ 5
= $8,000 × 3 ÷ 5
= $4,800
Capital = Given capital balance + Orton Shares
= $40,000 + $4.800
= $44,800
So, We have applied the above formula.
Answer:
d) Profit center
Explanation:
A profit center is a separate unit of a firm which incurs costs and generates revenue for the company. It is the division of the company that is in charge of earning money and creating sales. It is therefore a separate segment of the company which use of its resources to bring revenue for the company, and profits and losses of the division are estimated separately from other segments.
The importance of the profit center is that it makes it easy to identify the division within a company that least profitable and most profitable.
Therefore, the sales department of Mega Inc. which sells the various models of blankets it produces is a profit center.
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