Answer:
The net working capital is -$4600.
Explanation:
Use the below formula to calculate net working capital:
Net working capital = Total current assets – Total current liability
Total current liability = $6100
Total current asset = increase in inventory –decrease in account reciveable
Total current asset = $2800 – 1300
= $1500
Now, Net working capital = Total current assets – Total current liability
Net working capital = $1500 – $6100
= - $4600
Thus, net working capital is -$4600.
<span>Competition and the price of goods and services have a direct relationship. If there is more competition in a specific market then prices tend to lower; this is a good thing for consumers. For example; two companies are competing to sell more cell phones than their rival. If one company figures out a way to lower production costs and sales, the other will soon follow to keep up with the competition. </span>
A business established a website, now their customers can order products online without visiting the store, they are engaged in e-commerce, as seen below.
<h3>What is e-commerce?</h3>
E-commerce is a term used to refer to any transaction involving selling and buying that is carried out online. That is why a business selling products through the use of a website, as well as customers ordering such products on that site, is called e-commerce.
The term e-commerce is basically a shortened version of electronic commerce, just like the term e-mail is a shortened version of electronic mail.
Learn more about e-commerce here:
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Close Substitutes.
When the price of a commodity rises, the demand for its close substitute is likely to rise because the price of the close substitute remains the same.
Answer:
b. a rule which requires a company to adjust the cost of its inventory when the market price decreases below the cost.
Explanation:
LCM means lower of cost or market value. It is a rule under which the value of inventory is adjusted to lower of cost or market value. Also, it is a rule which requires a company to adjust the cost of its inventory when the market price decreases below the cost.
Hence, the correct option is <u>a rule which requires a company to adjust the cost of its inventory when the market price decreases below the cost</u>.
