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
MrRa [10]
3 years ago
14

The december 31, 2015, balance sheet of maria's tennis shop, inc., showed current assets of $1,205 and current liabilities of $9

65. The december 31, 2016, balance sheet showed current assets of $1,420 and current liabilities of $1,095. What was the company's 2016 change in net working capital, or nwc? (do not round intermediate calculations and round your answer to the nearest whole number,
e.G., 32.) change in net working capital
Business
1 answer:
devlian [24]3 years ago
8 0

Net working capital = total current assets - total current liabilities

Net working capital for 2015  = 1,205 -965 = 240

Net working capital in 2015 = $240

Net working capital for 2016 = 1,420-1,095 = 325

Net working capital in 2016 = $325

Change in working capital for 2016 = Net working capital in 2016 - Net working capital in 2015

Change in working capital for 2016 = 325 -240 = 85

Change in working capital for 2016 = $85

You might be interested in
Monitoring Central Bank Intervention1) How can your business be affected if the Fed attempts to strengthen the dollar in the for
skad [1K]

Answer:

1) if the FED decides to strengthen then dollar, it will make US exports more expensive and imports cheaper. That will cause net exports to decrease, i.e. there will be less exports and more imports.

A strengthening of the US dollar helps importing companies because they will buy cheaper goods from abroad and will be able to sell them at higher domestic prices. On the other hand, exporting companies will be hit because hey loss competitiveness since their products will be more expensive.

2) If the FED decides to weaken the US dollar, the opposite will happen. Exporting companies will be favored, while importing companies will be hurt. The country will start to export more and import less.

3) Generally, the FED intervenes market through its money supply policy. When the interest rate increases or the money supply increases, the value of the US dollar will tend to lower. Even if expansionary monetary policy doesn't have an immediate impact, the expectations do matter. If people expect a devaluation of the US dollar, they will start to buy foreign currencies, which in turn will end up devaluating the US dollar. It is a self-fulfilled prophecy.

Another way the FED impacts businesses is through the interest rate. Lower interest rates will increase both domestic and foreign investment in the US.

7 0
3 years ago
Using the table below, answer questions 1_3<br><img src="https://tex.z-dn.net/?f=1%20-%203" id="TexFormula1" title="1 - 3" alt="
Varvara68 [4.7K]
I dunno but other websites have he answer to that, b ye now have fun!! And I’m not being mean btw just saying I’m leaning that too and it’s pretty hard
3 0
3 years ago
SMC had a 1/1/14 balance in the Allowance for Doubtful Accounts of $20,000. During 2014, it wrote off $14,400 of accounts and co
zhenek [66]

Answer:

b. $14,200

Explanation:

The computation of the bad debt expense is shown below:

= Balance in the Allowance for Doubtful Accounts - wrote off accounts + written off - estimated amount

= $20,000 - $14,400 + $4,200 - $24,000

= $14,200

The computation of the estimated amount is calculated below:

=  Ending balance of accounts receivable ×  uncollectible percentage

= $480,000 × 5%

= $24,000

8 0
3 years ago
Points fo my homies eerrr eeerrr err goin a pull out a coop in the lot
postnew [5]
thank u i really a president
8 0
3 years ago
Read 2 more answers
When there is a high inventory turnover, there is an increase in sales because: a) more money is available to buy new merchandis
german

Answer:

The answer is C.

Explanation:

Inventory turnover is a measure of the number of times inventories are sold during a period of time usually a year.

To calculate inventory turnover:

Cost of goods sold ÷ average inventory

High inventory turnover means that the company's product is in high demand and when the product is in high demand, it means there is an increase in sales.

An increase is demand means new inventory or merchandise are continually available and continually bought.

7 0
4 years ago
Read 2 more answers
Other questions:
  • Variable costs are costs
    15·1 answer
  • Select the correct answer to each of the following statements.
    5·1 answer
  • What is an action plan
    5·1 answer
  • Use the following information for Jett Co. to answer the following question: 2015 2014 Sales 1,200 1,000 COGS 850 700 Operating
    11·1 answer
  • A single database that collects data and feeds it into applications that support each of the company's business activities, such
    10·1 answer
  • Wendy hires Jim to build an addition to her house. Jim takes the job and finishes it in good time. Unfortunately, as Wendy is wa
    15·1 answer
  • ( 13 points) Providing adjustable height desks to employees who need a wheelchair is an example of
    5·2 answers
  • [The following information applies to the questions displayed below.] Pacific Ink had beginning work-in-process inventory of $74
    12·1 answer
  • Examine the scenarios to determine the protected status, unprotected status, existence, or non-existence of a trade secret.
    15·1 answer
  • What is money that interests can spend on behalf of candidates without being restricted by federal law
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!