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
mariarad [96]
3 years ago
15

At the beginning of the year, a firm had current assets of $121,306 and current liabilities of $124,509. At the end of the year,

the current assets were $122,418 and the current liabilities were $103,718. What is the change in net working capital? A −$19,679 B −$11,503 C $19,387 D $15,497 E $21,903
Business
1 answer:
Alex73 [517]3 years ago
4 0

Answer:

E $21,903

Explanation:

Formula:

Net working capital: Current assets - Current liabilities

At the beginning of the year the net working capital was:

Net working capital: Current assets - Current liabilities

Net working capital: 121,306 - 124,509

Net working capital: -3,203

At the end of the year the net working capital was:

Net working capital: Current assets - Current liabilities

Net working capital: 122,418 - 103,718

Net working capital: 18,700

The difference between the beginning and final net working capital was:

Difference: Final NWC - Inicial NWC

Difference: 18,700 - (-3,203)

Difference: 18700 + 3,203

Difference: 21,903

You might be interested in
CarCut Corporation has been employing the Fixed-Order Quantity model to manage the inventory of its best selling 3D printer. The
vfiekz [6]

Answer: See explanation

Explanation:

The optimal reorder point in units is calculated as the average daily sales unit multiplied by the delivery lead time.

In the question, we're not provided with the annual demand as this is vital in order to know the average daily unit. Therefore, the question is incomplete

7 0
3 years ago
On an application, what is a positive way to present an honest picture of yourself?
JulijaS [17]
C. say that you resigned from a job
7 0
3 years ago
Read 2 more answers
At the beginning of the year, Sheridan Company had total assets of $845,000 and total liabilities of $600,000. (Treat each item
zlopas [31]

Answer:

A. Stockholders equity at the end is $493,000.

B. Closing total assets is $865,000.

C. Closing liability is $410,000.

Explanation:

A.  Closing total assets:

= Opening assets + increase in assets

= $845,000 + $177,000

= $1,022,000

Closing liability:

= Opening liability - Decrease in liability

= $600,000 - $71,000

= $529,000

Closing equity:

= Closing assets - Closing liability

= $1,022,000 - $529,000

= $493,000

B.  Opening equity:

= Opening assets - Opening liability

= $845,000 - $600,000

= $245,000

Closing assets:

= Opening assets + increase in liability - Decrease in equity

= $845,000 + $92,000 - $72,000

= $865,000

C.  Closing liability:

= Opening liability - decrease in assets - increase in equity

= $600,000 - $90,000 - $100,000

= $410,000

6 0
3 years ago
Which of the following is a cost of selling merchandise on account? Multiple Choice Uncollectible accounts expense Determining c
puteri [66]

Answer:

Option D is the answer.

Explanation:

All the given options describe the reasons for accepting a credit card from the customers.

8 0
2 years ago
Some organizations have the project sponsor complete a ____________ form to close a project or phase.
Harrizon [31]

Some organizations have the project sponsor complete project completion/ Client acceptance form to close a project or phase.

The Client Acceptance form means add up of the delivered solution, it confirms what deliverables has been yielded to the client and that the client has accepted those deliverables.

A project acceptance form is a document that, when implemented, means formal, written approval of the complete project. It accepts that all project requirements have been achieved and that all deliverables are completed.

An Acceptance Form assists to gain approval from the customer that the production done is according to the needs of the customer. An Acceptance Form includes all of the Acceptance Criteria for attaining the approval of the customer.

To learn more about project completion/ Client acceptance form here

brainly.com/question/15090038

#SPJ4

8 0
1 year ago
Other questions:
  • helen harrison creates an instrument containing the words "pay jose sanchez" and her signature. this is a? endorsement and creat
    7·1 answer
  • Wright Company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at the close of busi
    14·1 answer
  • A client lists their primary investment objective as liquidity. An RR believes that investments in municipal securities are best
    14·1 answer
  • Peter's Audio Shop has a cost of debt of 7%, a cost of equity of 11%, and a cost of preferred stock of 8%. The firm has 104,000
    12·1 answer
  • When writing a research–based literary analysis, what is the most important step after reading the poem or novel very carefully?
    15·1 answer
  • If the depreciable investment is $1,000,000 and the MACRS 5-Year class schedule is: Year-1: 20%; Year-2: 32%; Year-3: 19.2%; Yea
    5·1 answer
  • Thermopolis, Inc. reported retained earnings of $490,953 on December 31, 2017. During the year, Thermopolis recorded net income
    12·1 answer
  • Julius asks Rachel if she would like to sell her boat. Rachel privately has no interest in selling her boat, and believes that J
    10·1 answer
  • You work as a tutor for ECON 102. You sell your services at $20/hr., and you can only tutor one person at a time. Suppose you cu
    11·1 answer
  • What factors are used in the rule-of-thumb methods to determine the communication budget?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!