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
tigry1 [53]
3 years ago
7

The Caraway Seed Company grows heirloom tomatoes and sells their seeds. The heirloom tomato plants are preferred by many growers

for their superior flavor. At the end of the most recent year the firm had current assets of $49,700​, net fixed assets of $248,300​, current liabilities of $28,400​, and​ long-term debt of $101,600.
A. Calculate Caraway's stockholders' equity.B. What is the firm's net working capital?
Business
1 answer:
Thepotemich [5.8K]3 years ago
5 0

Answer:

A.

$168,000

B.

$21,300

Explanation:

A.

As per accounting equation

Assets = Liabilities + Equity

Equity = Assets - Liabilities

Placing values in the equation

Equity = ( Current assets + Net Fixed Assets ) - ( Current Liabilities + Long term debt )

Equity = ( $49,700 + 248,300 ) - ( 28,400 + 101,600)

Equity = $168,000

B.

Net Working capital is the net of current assets and current liabilities of the company.

Use following formula of net working capital

Net working capital = Current assets - current liabilities

Net working capital = $49,700 - 28,400

Net working capital = $21,300

You might be interested in
Please explain to me CPJ and CRJ immediately I really need in depth explanation​
alukav5142 [94]

Answer:

CRJ means cash receipt journal. ... In higher classes, this journal is not made, it is included in the debit side of cash book. Meaning of CPJ. CPJ means cash payment journal.

8 0
3 years ago
5. Max prepares a tax return for Ali at a VITA/TCE site. He finds out during the interview that Ali has no health insurance. Aft
solmaris [256]
Ion know and I wish I did good luck lol
3 0
3 years ago
The plans for a building you're working on call for the installation of a 10″-thick concrete block wall. The usual size for a fo
Julli [10]
B 24" is the answer but confirm with your teacher
3 0
3 years ago
Read 2 more answers
What term refers to people who are trendy and fashionable in order to impress others and are often impulse buyers?
oee [108]

Answer: Strivers

Explanation:

The term that refers to people who are trendy and fashionable in order to impress others and are often impulse buyers is Strivers.

It should be noted that Strivers are usually consumers that are from low income families but they so much believe in style and fashion and really wants to impress and emulate celebrities or high income earners who use lastest trends or fashion.

5 0
3 years ago
Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into
Troyanec [42]

Answer:

Henrietta

The amount that Henrietta can deduct in the current year for investigating these two businesses is:

= $83,800.

Explanation:

a) Data and Calculations:

Investigation cost for expanding the chain into the Northeast = $32,000

Investigation cost for expanding the chain into another location= $51,800

Total investigation costs = $83,800

b) According to the IRS, for the investigation costs to be deductible, they "must be both ordinary and necessary."  "Ordinary" refers to common or acceptable expense in the Hotel industry, while "necessary" means the expense helps Henrietta's business in its pursuit of earning income (which a business expansion does).  Therefore, the total investigation cost is deductible.

3 0
3 years ago
Other questions:
  • A city government is considering two types of​ town-dump sanitary systems. Design A requires an initial outlay of ​$400000 with
    6·1 answer
  • Indra nooyi, ceo and chairman of pepsico is considered the most powerful woman on fortune’s 50 most powerful women’s list, uses
    10·1 answer
  • Individual credit card balances for a decedent are listed on which schedule of form 706?
    7·1 answer
  • Recruiting new employees via the Internet allows companies to _________. a.Reach candidates from across the worldb.Conduct recru
    13·2 answers
  • Unicorn sports inc. manufactures and distributes athletic wear, sporting equipment, and protective sports gear worldwide. they a
    7·2 answers
  • When a firm grows larger, many additional layers of managers are sometimes added that do not actually produce any output. At the
    6·1 answer
  • What is the primary initiatives of a free enterprise system
    7·1 answer
  • Gilberto plants a variety of trees, shrubs, and flowers in his yard. The landscaping beautifies the neighborhood. Which of the f
    12·1 answer
  • Explain the appearance of earthworm in brief​
    13·1 answer
  • According to the rational rule for sellers, this company should produce ____ of output and charge a price of _____.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!