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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

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BaLLatris [955]

Answer:

The correct answer would be option C.

Explanation:

If there is a new co worker hired in my office, and its her beginning days, and I, along with other team members see that she is not as productive as other members of the team are, and we all have to work more and harder to make up for her work. So i would preferably give her advice and tips for how to get things done correctly and efficiently. I would not like to get her out of the office, rather i will try to make her understand the things as soon as possible and give her tips to increase her work efficiency. But if the problem continues, and I believe that she will not be able to cope up with us, then i will talk to the supervisor and suggest him that she might not be the best role for us. But i will go with option C.

6 0
3 years ago
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Dave gets a job at a grocery store, which pays him an hourly wage in exchange for his labor. Dave is participating in __________
Slav-nsk [51]

Answer:

The factor market

Explanation:

The factor market refers to buying and selling of factors of production. Factors of production are land, labor, capital, entrepreneurship. Prices of factors of production are determined by interaction of supply and demand forces. By Dave offering his labor, he receives wages as a reward for the factor of production he provides i.e. labor.

3 0
3 years ago
You are the chief financial officer​ (CFO) of Gaga​ Enterprises, an edgy fashion design firm. Your firm needs $ 19 million to ex
QveST [7]

Answer:

- Financial​ institutions, such as investment​ banks, provide expertise in the acquisition of funds.

- The investment banking institution will allow the Gaga Enterprises CFO to raise more money at a lower cost per dollar raised

Explanation:

In the given scenario we want to compare help in raising capital using a financial institution versus raising it directly in the financial​ markets.

When raising capital using financial markets it is more expensive because the company will need to give out ownership rights in the company when they sell shares.

However when financial institutions provide the capital, there is a lower cost per dollar raised compared to sale of shares.

Also financial institutions act as financial advisors to their clients. So they will provide expertise in the acquisition of funds.

3 0
3 years ago
Luciana is the first to offer a new product to customers in the local market and expects no competitors to emerge for at least t
storchak [24]

Answer:

skimming.

Explanation:

In this context, it can be said that Luciana will use the skimming pricing strategy.

This strategy consists of setting a relatively high price for the new product or service that will be offered in the market and then gradually lowering its price.

This strategy works by charging a high initial price that will be accepted by the first customers and after the first demand is satisfied, the price will be reduced to attract the most price sensitive customers.

8 0
3 years ago
A 10% decrease in the price of gas grills leads to a 15% increase in the demand for flank steaks. The cross-price elasticity of
Licemer1 [7]

Answer:

B) -1.5

Explanation:

Cross-price elasticity of demand is calculated by dividing the percentage change in quantity demanded of good A by the percentage change in price of good B.

cross-price elasticity of demand = change in demand of flank steaks / change in price of gas grills = 15% / -10% = -1.5

3 0
4 years ago
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