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Alex
3 years ago
12

Grey Wolf, Inc., has current assets of $2,090, net fixed assets of $9,830, current liabilities of $1,710, and long-term debt of

$4,520. a. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How much is net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Business
1 answer:
Naya [18.7K]3 years ago
5 0

Answer and Explanation:

The computation is shown below:

1. Before computing the stockholder equity first we have to determine the total assets and the total liabilities which is shown below:

As we know that

Total Assets = Current Assets + Net Fixed Assets

= $2,090 + $9,830

= $11,920

Now

Total Liabilities = Current Liabilities + Long-term Debt

= $1,710 + $4,520

= $6,230

So,

Stockholders’ Equity = Total Assets - Total Liabilities

= $11,920 - $6,230

= $5,690

2. The net working capital is

Net Working Capital = Current Assets - Current Liabilities

=  $2,090 - $1,710

= $380

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The Physiological category in Maslow's hierarchy includes basic survival needs such as air, food, water, and shelter.

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The Allowance for Doubtful Accounts T-account will have the ______ on the credit side. Multiple choice question. sales discounts
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The Allowance for Doubtful Accounts T-account will have the  <u>estimated bad debts from the adjusting entry</u> sales discounts .

Doubtful account

An allowance for doubtful accounts is considered a “contra asset,” because it reduces the amount of an asset, in this case the accounts receivable. The allowance, sometimes called a bad debt reserve, represents management's estimate of the amount of accounts receivable that will not be paid by customers.

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2 years ago
Employment tends to a. lag the cycle. b. lead the cycle. c. be coincident with the cycle. d. sometimes lead, sometimes lag the c
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Answer:

A) lag the cycle.

Explanation:

One of the basic mistakes made by classical economists is that they believe that wages and employment are economic variables that can be easily controlled like money supply or interest rates, when actually they are extremely inflexible and they usually vary much less than the economic cycle.

For example, no employee will accept a pay cut, it is easier for the company to fire him than to convince him/her o earn less money. This is logical since I wouldn't accept a pay cut and you probably wouldn't either. Employment as a whole is more closely related (but in the opposite direction) to the inflation rate than to the economic cycle.

Even the government (at all 3 different levels) tries to avoid massive layoffs since a person fired is not simply a lower cost, but it has negative impacts on the economy as a whole and at social and community levels also.

You must also remember that it sometimes is much easier to fire someone than to hire him/her again or someone with similar skills to perform a job once the economy rebounds.

8 0
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Ms. Pike, who lives in California, traveled to Oregon to purchase gold jewelry for $16,000. California has a 7.5 percent sales a
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Answer:

Pike owes $1200 in taxes is she the purchase $16,000 in Oregon and owes $820 in transactions if she purchase $16,000 in Oergon.

Explanation:

Re call that the total tax is the rate tax time the purchase amount.

T= R * P

Then the use tax that Pike owe to California for the purchase of $16,000 in Oregon Tc taking a rate of 7.5 percent is:

Tc =  0.075 * $16,000  = $ 1,200

The use tax  that Pike owe to California for the purchase of $16,000 in New Mexicon Tn dont take into account the sales but the transaction rate of 5.125 percent:

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A stock's price has risen due to an overall market increase. this increase in price is considered?
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Answer:

An unrealized capital gain

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