Answer:
<em>The project will increase the net working capital of the firm by $4000</em>
Explanation:
Net working capital measure how fast a company can convert its asset to cash, the networking capital can be obtained with the expression below;
net working capital (NWC) = current assets - current liabilities
Current asset = Increase in raw materials = $6,000
Current liabilities = accounts payable increase = $2,000
NWC= Increase in raw materials-increase in accounts payable
=$6,000 -$2,000
=$4000
Therefore this project will increase the net working capital of the firm by $4000
Entrepreneurship encourages healthy competition. It
also improves economy by being able to partner with big companies in the other
countries. Bheki Kunene, a young entrepreneur of South Africa, was able to
partner with numerous companies across the world. And lastly, it encourages
healthy competition.
<span> </span>
False. If you say that you have had a positive work experience, it will seem as though you are skilled in that field.
In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. The most common types of bonds include municipal bonds and corporate bonds. Bonds can be in mutual funds or can be in private investing where a person would give a loan to a company or the government.
Answer:
The budgeted Accounts Receivable balance on July 31 is $ 244,800.
Explanation:
Since the company sells 85% credit of which 60% is collected in the month of sale and 40% in the following month. This implies that where the sales for the month of June is $ 680,000, all of the credit sales for the month of June would have been collected by 31 July. Hence no receivables will be budgeted for considering June sales by 31 July.
For sales to be made in July budgeted at $ 720,000, 85% will be credit sales
This amounts to
Credit sales for July = 85% of 720000
= 
= $ 612,000
60% of the credit sales in the month of July will be collected by 31 July while 40% will be collected in the following month hence,
Accounts Receivable balance on July 31
= 40% of 612000
= 
= $ 244,800
