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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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Answer:

Explanation:

First of all, to make it easy, "Debit" will be written as "Dr" and "Credit" as "Cr"                  

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April 21

Dr Insurance Expense $100.30

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8 0
3 years ago
The following information for Marlee Enterprises is given below: December 31, 2021 Assets and obligations Plan assets (at fair v
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Answer:

$25,580

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8 0
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Arndt, Inc. reported the following for 2021 and 2022 ($ in millions):
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rief Exercise 6-11 In Marshall Company, data concerning two products are unit contribution margin—Product A $10, Product B $12
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Answer:

Product A -$5

Product B-$4

Explanation:

Apart from the contribution for products A and B given in the question,the other details are the machine hours required to produce one unit of A and B,which implies that the limited resource is the machine hour provided alongside the contribution

The contribution per unit of limiting factor or resource is computed thus:

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8 0
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Cheyenne Corporation owns machinery that cost $23,600 when purchased on July 1, 2017. Depreciation has been recorded at a rate o
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Answer:

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