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artcher [175]
3 years ago
13

McRae Corporation's total current assets are $396,000, its noncurrent assets are $512,000, its total current liabilities are $34

8,000, its long-term liabilities are $262,000, and its stockholders' equity is $298,000. Working capital is:
Business
1 answer:
krek1111 [17]3 years ago
3 0

Answer:

$48,000

Explanation:

The working capital is the business asset that is used for day to day operation. It can be calculated as follows,

Working capital = Current assets - Current liabilities

So,

Working capital = $396,000 - $348,000 = $48,000

It can be verified with the following equation

Fixed assets + Working Capital = Shareholder Equity + Long term Liabilities

Which is,

Fixed assets + Working Capital = $512,000 + $48,000 = $560,000

Shareholder Equity + Long term Liabilities = $298,000 + $262,000 = $560,000

Hope that helps.

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Assume that you would like to purchase 100 shares of preferred stock that pays an annual dividend of $6.00 per share. However, y
butalik [34]

Answer:

$267.1211

Explanation:

return on preference share per unit is $6  , thus at 12% annual rate of return. Initial value of preference shares will be $50 per unit ( $6 divided by 12%).

Total value of preference shares = $50 multiplied by 100 preference shares = $5000

Future value of preference shares = 5000 (1.12)^5  = $8,811.7084

to find the value of money to be deposited to be able to buy the preference shares at the end of 5 yrs.

we work back to get the present value using the mutual fund annual rate

$8811.7084 = pv (1.06)^60  the rate is compounded monthly. Hence we shall compound the return 60 times in 5 years

Bank account money = 8811.7084  divided by 32.9877 = $267.1211

5 0
3 years ago
Assuming giftedness is defined only as scoring in the range of two standard deviations or more above the mean on an intelligence
inn [45]
<span>Basing ourselves on probability and test measures alone, and assuming it has a normal distribution, we should expect for less than 1% of children being gifted, however we need to take into account that giftedness is subjective and cannot be objectively measured by tests alone</span>
5 0
3 years ago
Setting prices for products and services requires entrepreneurs to balance a multitude of complex forces as entrepreneurs determ
Kobotan [32]

Answer:

produce a profit

Explanation:

<u>Price</u> refers to the amount of money that is paid by one party to another to acquire a particular commodity or in return for unit of commodities. Some of the factors that determines the price of a commodity include cost of production, product demand, product supply, targeted profit, and among others.

A <u>profit</u> is the amount earned from selling a commodity minus the amount expended to purchase, operate, or produce the commodity.

The primary aim of an entrepreneur is to make a profit, and price setting is one of the important activities that influences a profit. Since the higher the price, the higher may be the profit. However, a higher price may also dicourage customers from buying a product and then reduces profit.

Therefore, setting prices for products and services requires entrepreneurs to balance a multitude of complex forces as entrepreneurs determine prices for their goods and services that will draw customers and <u>produce a profit</u>.

3 0
3 years ago
A company had sales of $500,000 in 1996 and sales of $720,000 in 1998. Use the midpoint formula to find the company's sales in 1
rjkz [21]

Answer:

$610,000

Explanation:

According to the midpoint value, we have to find out the mid value of two amount.

As in the question, the sales for 1996 and the sales for 1998 are given and we have to find out the sales for 1997

So, by using the mid point formula approach, the sales for 1997 is

= (1996 sales + 1998 sales) ÷ (Number of years)

= ($500,000 + $720,000) ÷ (2 years)

= ($1,220,000) ÷ (2 years)

= $610,000

Therefore, the estimated sales value of the company for year 1997 is $610,000

3 0
3 years ago
Which of the following is an example of an employee contribution retirement plan
tekilochka [14]

Answer:

401 retairement plan

Explanation:

A 401(k) is a retirement plan based on savings with the contribution of the employer. The contribution made by the employer and portion of the wage that is saved is collected before taxes.

8 0
3 years ago
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