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satela [25.4K]
3 years ago
12

The December 31, 2018, balance sheet of Justin’s Golf Shop, Inc., showed current assets of $1,085 and current liabilities of $90

5. The December 31, 2019, balance sheet showed current assets of $1,300 and current liabilities of $975. What was the company's 2019 change in net working capital, or NWC?
Business
1 answer:
malfutka [58]3 years ago
3 0

Answer:

$145

Explanation:

The computation of change in net working capital is shown below:

Change in net working capital

= (Current assets in year 2019 - current assets in year 2018) - (Current liabilities in year 2019 - current liabilities in year 2019)

= ($1,300 - $1,085) - ($975 - $905)

= $215 - $70

= $145

We simply taken the difference of current assets and the current liabilities and then subtract it with each other

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If a bank purchases a security from the Federal Reserve System, reserves in the banking system ________ and the monetary base __
lbvjy [14]

Purchase of a security by the bank will decrease the reserves in the banking and as a result the monetary base will also decrease.

<u>Explanation:</u>

The federal reserve system is the central bank of the United States of America. It has certain measures under it's control to manage the supply of money in the economy.

One of those measures is the purchase and the selling of the securities. If the security is purchased by the bank from the Federal reserve system, it will decrease the money reserve in the banks. As a result of this the monetary base will decrease in the country also.

5 0
4 years ago
Which of the following makes it more difficult for an incumbent to successfully engage in limit pricing? Multiple Choice Complet
kirill115 [55]

Answer:

Complete information

Explanation:

A limiting pricing can be described as a strategy that is employed by an incumbent to prevent entry by maintaining a price lower than the monopoly price.

In situation whereby there is completion information, it will be more difficult for an incumbent to successfully engage in limit pricing because knowledge about the incumbent, the market, product, and others is available to others.

7 0
3 years ago
Ashley's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Ashley $4.30 per pound, and typ
Over [174]

Answer:

Ashley used 87 pounds of type B coffee

Explanation:

4.3a  + 5.9b = 749.80

a + b = 142

b = 142-a

4.3a  + 5.9(142-a) = 749.80

4,3a  + 5.9(142-a) = 749.80

4.3a  + 837.8 - 5.9a = 749.80

4.3a - 5.9a = 749.80 - 837.80

-1.6a= -88

a= -88 / 1.6 = 55

55  + b = 142

b=  142-  55 = 87

That is the way we get how many pounds of type B coffee Ashley used

8 0
3 years ago
Rosie's Flower Shop sells bouquets of roses for $15 each. If Rosie hires 10 workers, she can sell 500 bouquets per week. If she
klasskru [66]

Answer:

The correct answer to this question is A) with the addition of 11th worker , the marginal profit ( for 11th worker ) of Rosie's flower shop would be $500.

Explanation:

Marginal profit can be defined as the additional amount of profit that a company earns because of an additional unit that had been produced.

Here we can calculate what marginal profit would be for the 11th worker as-

Workers   Selling price             Cost price                 Profit

10             $7500 (500 x $15)    $4000 (10 x $400)   $3500

11              $8400 (560 x $15)    $4400 (11 x $400)   $4000

So from the given above information we can say that if we take out the marginal profit for 11th worker it would be $500 ( $4000 - $3500 ).

8 0
3 years ago
As a member of a team, you need to show unselfishness by ______.
Olegator [25]

As a member of a team, you need to show unselfishness by communicating actively with team members. When you work with a team, you are all responsible for completing the task you are given and in most causes, can not finish it correctly without help and input from everyone. It is important to have good communication to make sure everything is being completed as needed and nothing gets lost in translation.

7 0
3 years ago
Read 2 more answers
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