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
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

You might be interested in
The purpose of a statement of retained earnings is to: __________.
marusya05 [52]

Answer:

To determine the closing balance of retained earnings

Explanation:

First and foremost, retained earnings are an important part of the shareholders' equity. In a bid to ascertain the correct position of total shareholders' equity at year-end, it is important that a statement of retained earnings reconciling the opening retained with net income and dividends declared during the year is prepared.

The balance at the end of the year is the total accumulated earnings which have not been distributed to shareholders as dividends or which may be used to finance projects that increase shareholders' wealth

4 0
3 years ago
Question: Do you think people have one true calling in life or are we all multipotentialites?
icang [17]

These people are held up as shining examples for the rest of us, and—while people like this certainly exist (no hate intended to the focused few!)—many of us simply don’t fit into their model. Through social cues and conditioning, we learn to believe in the romantic notion of the One True Calling: the idea that we each have one great thing we are meant to do with our life—OUR DESTINY!

What happens if you don’t fit into this framework? Let’s say you’re curious about several subjects, and there are many things you’d like to do with your life. If you’re unable or unwilling to settle on a single career path, you might worry that you don’t have One True Calling like everybody else, and that, therefore, your life lacks purpose.

It doesn’t. In fact, there is a very good reason for your tendency to shift between things, to devour new knowledge and experiences, and to try on new identities.

You are a multipotentialite

Have you been nodding your head along as you read? Good news! You are probably a multipotentialite: someone with many interests and creative pursuits. If this is the first time you’ve encountered the word, it might seem like a mouthful. If you have a hard time with multipotentialite or it doesn’t feel like a good fit for you, there are other options. Here are the most common terms for the kind of person we’re talking about:

Multipotentialite: someone with many interests and creative pursuits

Polymath: someone who knows a lot about many different things or a person of encyclopedic learning

Renaissance Person: a person who is interested in and knows a lot about many things

Jack-of-All-Trades: a person who can do passable work at various tasks; a handy, versatile person

Generalist: one whose skills, interests, or habits are varied or unspecialized

Scanner: someone with intense curiosity about numerous unrelated subjects (coined by Barbara Sher in her great book Refuse to Choose!)

Puttylike (adj.): able to embody different identities and perform a variety of tasks gracefully

There is no single way to be a multipotentialite. Some of us have a dozen projects on the go at once, others prefer to dive into a single subject for months or years, making it our sole focus until we switch to a new area entirely. A multipotentialite’s interests can occur simultaneously (several interests at one time), sequentially (one interest at a time), or anywhere in between.

To figure out your own place on this spectrum, think about your past interests, projects, and jobs. Notice any patterns? Do you tend to be interested in many different topics at once, or do you prefer to focus intently on one thing at a time before moving on to the next one (and then the next)? How many projects do you like to have on your plate at once, and how many is too many? Perhaps your capacity for taking on projects is like a stove: You have four pots on four burners; some are boiling on high while others simmer in the back. Maybe your metaphorical stove is more like the industrial range in a restaurant, with a griddle and an infinite number of projects sizzling away. Alternatively, maybe you have a campfire that produces one glorious blaze at a time.

4 0
3 years ago
LO 7.3Which is not a section of the cash budget?
Bad White [126]

Answer:

allowance for uncollectible accounts

Explanation:

The cash budget represents the cash inflow and cash outflow position with respect of cash receipts and cash payments i.e cash disbursement plus it also involves financing needs i.e how much amount is to be borrowed

But it does not involve the allowance for uncollectible accounts  as it is not shown in the cash budget because it is shown under the debtors side with the negative amount of the balance sheet

Like

Assets

Current Assets

Account receivable                                             XXXXX

Less: Allowance for uncollectible accounts       XXXXX  

Net account receivable                                      XXXXX

8 0
3 years ago
Gravity location models in supply chain meaning ?
Andru [333]

Answer:

Gravity models are used to find location that minimizes the cost of transporting raw material from the supplier and finished goods to the markets served. This model also assumes that the transportation cost grows linearly with the quantity shipped.

Explanation:

hope it will helpful

good morning ❤️

4 0
3 years ago
Hurry!!#3
Vinvika [58]

Answer:

the industrial revolution ; )

Explanation:

Because in the passage it talks about industries and how the people were changing them,

i also did it on edge!!!

4 0
3 years ago
Other questions:
  • Suppose it costs $2,500 to buy a defibrillator. Find the expected value of owning a defibrillator if there is a 4% probability t
    10·1 answer
  • Candy Emporium is a legal entity whose assets and liabilities are separate from its owners. It can receive, own, and transfer pr
    14·2 answers
  • The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $12,350. The bank statement indicated a balance of $
    6·1 answer
  • A monopolistic seller of sports cars has traced out the following demand curve: 10 customers have willingness to pay (WTP) of $1
    5·1 answer
  • A 5.5%, 20-year municipal bond is currently priced to yield 7.2%. For a taxpayer in the 33% marginal tax bracket, this bond woul
    15·1 answer
  • When the price of flour was $10 per unit, total spending on flour was $100,000 per day. When the price of flour fell to $8 per u
    15·2 answers
  • Magnus Industries has the following data:
    13·1 answer
  • where cost is in dollars and time is in minutes. The cost of driving an automobile is $5.50 with a travel time of 21 minutes, wh
    15·2 answers
  • A student is writing a research paper about the poetry of the Harlem Renaissance. Which style guidelines will the student most l
    7·1 answer
  • Setting objectives and identifying methods to achieve those objectives is called.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!