Select the examples that best demonstrate likely tasks for Science and Math workers.

Jose Inc. reports the following balances and amounts. The following information is presented in random order (amounts are in dol

tankabanditka [31]

Answer:

Current assets 300.000,00

Current liabilites 120.000,00

WORKING CAPITAL 180.000,00

Explanation:

Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable

8 0

3 years ago

The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2020.

Nina [5.8K]

Answer:

1) Tax Payable

2) Property Plant and Equipment Asset

3) Motor Vehicle Asset

4) Property Plant and Equipment Asset

5) Advertising and Promotion Expense

6) Property Plant and Equipment Asset

7) Insurance Prepaid Asset

8) Motor Vehicle Asset

The Historical Cost of Plant Asset consists of Actual Purchase price and all Incidental Cost required to bring the asset to the point of use .

Explanation:

1) Already Accrued

2) The insurance is required to bring in the machinery

3) Sales taxes on Fixed assets are capitalised

4) The improvement is necessary in material

5) Advertising Expense not necessary for the functioning of the delivery truck

6) Fixed Asset Purchase

7) Insurance Prepayment not necessary for the functioning of the delivery truck

8) The expense is necessary for the functioning of the delivery truck

8 0

3 years ago

Marcie and her husband, Franklin, each own 50 shares of Chestnut, Inc. Sally, Marcie's old high school friend, owns the remainin

RSB [31]

Answer:

$38,000 Dividend

Explanation:

Based on the information given the tax treatment of the redemption to Marcie will be $38,000 dividend reason been that her husband shares was been attributed to her, and Since she owns 60 shares her remaining 10 shares including that of her husband 50 shares of Chestnut's will be 110 shares calculated as 150 shares - 40 shares outstanding.

Therefore when we look at this 60 shares/110 shares is greater than 50% which means that Marcie fails the 50% test which makes the redemption to be treated as a dividend.

Hence, the tax treatment of the basis of the shares redeemed will be $38,000 Dividend.

8 0

4 years ago

A teacher is purchasing supplies for the classroom and has three discounts to apply to the purchase one at a time. First discoun

Vesnalui [34]

The teacher will pay $143.18

8 0

3 years ago

At the beginning of the year, a firm had current assets of $121,306 and current liabilities of $124,509. At the end of the year,

Shtirlitz [24]

Answer:

change in net working capital = $21,903

Explanation:

given data

beginning current assets = $121,306

beginning current liabilities = $124,509

end of the year current assets = $122,418

end of the year current liabilities = $103,718

solution

we get here working capital at beginning that is express as

working capital = Current assets - current liabilities ......................1

put here value we get

working capital = $121,306 - $124,509

working capital = -$3203

and now we get here working capital for end of year that is

working capital = Current assets - current liabilities ......................2

working capital = $122,418 - $103,718

working capital = $18,700

so now we can get change in net working capital that is difference between beginning and ending working capital

change in net working capital = $18,700 - (-$3,203)

change in net working capital = $21,903

8 0

3 years ago