1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
damaskus [11]
3 years ago
13

You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances:Cash and ma

rketable securities = $610,000, Accounts receivable = $810,000, Inventory = $510,000, Accrued wages and taxes = $51,000, Accounts payable = $201,000, and Notes payable = $1,010,000. What is Cypress's net working capital?
Business
1 answer:
s344n2d4d5 [400]3 years ago
4 0

Answer:

The answer is $668,000

Explanation:

Net working capital = current asset - current liability.

Under current asset, we have Cash and marketable securities($610,000) Accounts receivable($810,000) Inventory($510,000)

And under current liability, we have

Accrued wages and taxes($51,000) Accounts payable($201,000), Notes payable($1,010,000)

Current asset = $610,000+$510,000+$810,000 = $1,930,000

Current liability = $51,000+$201,000+$1,010,000=$1,262,000

Therefore, net working capital =$1,930,000 - $1,262,000

=$668,000

You might be interested in
A registered representative ("rr") is an MFP of a municipal securities firm that is an underwriter for that municipal issuer. Th
swat32

Answer:

The $300 of out of pocket expense exceeds the MSRB political contribution limit and will result in the municipal securities firm being banned as an underwriter for that issuer for 2 years.

Explanation:

The municipal securities firm is is underwriter for municipal issuer. The volunteers have paid $300 out of pocket but they are not entitled to make contribution to the campaign. This will result the firm being banned for two years as an underwriter for the issuer.

5 0
3 years ago
(The answer!! :)) Select the examples that best demonstrate likely tasks for Energy Transmission workers. Check all that apply.
aev [14]

Answer:

Rosalee responds quickly to fix electrical wires in emergencies.

Shawn inspects oil pipeline equipment.

Mae follows safety instructions carefully.

5 0
3 years ago
Read 2 more answers
Analyze the graph.
zvonat [6]
The answers to the question above are "increasing places to park bikes, increasing bike-share opportunities, and increasing high-occupancy vehicle lanes" which are the changes that city planners should consider within the city. The graph shows an increase of bicyclist. The graph also shows an increase in the high-occupancy car number. Thus, every plan has to be related to this condition. 
7 0
3 years ago
Read 2 more answers
A new car may be purchased with either a gasoline or a diesel engine The diesel engine gets 32 mpg The gas engine gets 23 mpg Ga
Drupady [299]

Answer:

<em>We must drive 8,553 miles to pay off the extra cost of the diesel engine</em>

Explanation:

Let's use simple logic and put the numbers in it to solve this problem. Each gallon of diesel fuel gives us 32 miles and each gallon of gasoline gives us 23 miles. On the other side, each gallon of diesel costs $3.54. That means to get 32 miles we have to spend $3.54, thus each mile costs $3.54/32=$0.11 when using diesel.

Each gallon of gasoline costs $3.69, it means each mile costs $3.69/23=$0.16 when using gasoline. The difference

$0.16-$0.11=$0.05 are the savings per mile when using diesel instead of gasoline. Since the diesel engine is $427.65 more expensive than the gasoline engine, we must drive $427,65/0.05=8,553 miles to pay off the extra cost of the diesel engine.

5 0
4 years ago
Order the following steps in the accounting process that focus on analyzing and recording transactions.
Levart [38]

Answer:

Explanation:

For recording the transactions, the first step is to analyze each transaction from the source documents. After that reporting these transactions in a journal form. After that posting the entries to their respective accounts and then it would help to prepare the trial balance  

The steps are shown below:

1. Analyze each transaction from source documents.

2. Record relevant transactions in a journal.

3. Post journal information to ledger accounts.

4. Prepare and analyze the trial balance.

5 0
3 years ago
Other questions:
  • A company has outstanding 20-year noncallable bonds with a face value of $1000, and 11% annual coupon, and a market price of $1,
    5·1 answer
  • If estimating the amount of time to design a new​ product, should you err on the high side or the low​ side?
    8·1 answer
  • Kegler Bowling installs automatic scorekeeping equipment with an invoice cost of $190,000. The electrical work required for the
    9·1 answer
  • Cameron has applied for a loan to expand his young business. When bankers look for evidence of whether he will be able to repay
    10·1 answer
  • Shoe Shine is a local retail shoe store located on the north side of Centerville. Annual demand for a popular sandal is 500 pair
    14·1 answer
  • An ATM Next to Your Apartment Building. Suppose an ATM connected to your own bank is installed right next to your apartment buil
    8·1 answer
  • On April 1, Tenity, Inc. paid $3,300 for an insurance premium on a three-year insurance policy. At the end of December, Tenity's
    8·1 answer
  • The management of Idaho Corporation is considering the purchase of a new machine costing $430,000. The company's desired rate of
    12·1 answer
  • a pregnant employee who violated several attendance rules due to her physical conditions. She is about to get fire by hr manager
    15·1 answer
  • Net Games Corporation hires Holley, a minor, to create new customized game software for certain clients. Holley signs a contract
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!