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zloy xaker [14]
3 years ago
6

McRae Corporation's total current assets are $460,000, its noncurrent assets are $560,000, its total current liabilities are $38

0,000, its long-term liabilities are $310,000, and its stockholders' equity is $330,000. Working capital is:a. $106,000
b. $168,000
c. $112,000
d. $56,000
Business
1 answer:
lisabon 2012 [21]3 years ago
5 0

Answer:

The answer is $56,000

Explanation:

Net working capital or working capital is the difference between a business current assets and current liabilities.

McRae Corporation has current assets of $412,000 and current liabilities of $356,000

Therefore, working capital is

$412,000 - $356,000

=$56,000

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Agreement is normally evidenced by an offer and an acceptance. True or False
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lucy invests $800 in an account that earns 6.12% annual interest compounded continuously. juan invests $1600 in an account that
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Both their investments will reach a similar value in 32 years, 9 months and 8 days. Both accounts will have exactly $5,606.

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future value 10 years                     $1,449                                $2,346

future value 20 years                   $2,624                                $3,439

future value 30 years                   $4,753                                $5,042

future value 31 years                    $5,044                                $5,238

future value 32 years                   $5,353                                $5,442

future value 33 years                   $5,681                                 $5,655

It will take over 32 years for both investments to match their amounts.

to determine the approximate month we start with the future value in 32 years:

                                                         $5,353                          $5,442

future value in 6 months                 $5,517                           $5,548

future value in 9 months                $5,599                           $5,601

future value in 9 months                                                                          

and 5 days                                      $5,603                           $5,604

future value in 9 months                                                                          

and 8 days                                      <u>$5,606</u>                           <u>$5,606</u>

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