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
blondinia [14]
3 years ago
8

A balance sheet has total assets of $1,664, fixed assets of $1,156, long-term debt of $614, and short-term debt of $191. What is

the net working capital?
Business
1 answer:
Lorico [155]3 years ago
4 0

Answer:

Total assets $1664 - fixed assets of $1,156 = $508

Assets $508 - Short term debt $191 = $317

Net working capital = $317

Explanation: Working capital is the difference in operating current assets less operating current liabilities. This difference is based on the fact that the company's operating activities are sufficient to cover the commitments acquired to fund these activities.

You might be interested in
Second-Stage Allocation [LO7-4]
Lemur [1.5K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Activity cost pools:

Direct labor $ 10 per direct labor-hour

Machine processing $ 3 per machine-hour

Machine setups $ 45 per setup

Production orders $ 150 per order

Shipments $ 115 per shipment

Product sustaining $ 750 per product Activity

Total Expected Activity K425:

Number of units produced per year 200

Direct labor-hours 1,075

Machine-hours 2,400

Machine setups 13

Production orders 13

Shipments 26

Product sustaining 1

Total Expected Activity M67:

Number of units produced per year 2,000

Direct labor-hours 50

Machine-hours 40

Machine setups  1

Production orders 1

Shipments 1

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH K425= 1,075*10 + 3*2,400 + 45*13 + 150*13 + 115*26 + 750= $24,225

Allocate MOH M67= 10*50 + 3*40 + 45*1 + 150*1 + 115*1= $930

7 0
3 years ago
Hollister and Gladys do business as partners in Frothy Confections. For federal income tax purposes, Frothy Confections would be
BARSIC [14]
A a pass through entity I hope it ok
6 0
3 years ago
Read 2 more answers
Beginning inventory Merchandise $302,000 Finished goods $604,000 Cost of purchases 420,000 Cost of goods manufactured 760,000 En
trapecia [35]

Answer:

A. $520,000

B. $1,168,000

Explanation:

Computation to determine the cost of goods sold for each of these two companies for the year ended December 31, 2017.

a. UNIMART Partial income statement

For the year ended December 31,2017

COST OF GOODS SOLD

Beginning merchandise inventory $302,000

Cost of purchase $420,000

Goods available for sale $722,000

Less; Ending merchandise inventory ($202,000)

Cost of goods sold $520,000

b) PRECISION Manufacturing

Partial income statement

For the year ended December 31,2017

COST OF GOODS SOLD

Beginning finished goods inventory $604,000

Cost of manufactured $760,000

Goods available for sale $1,364,000

Less; Ending finished goods inventory ($196,000)

Cost of goods sold $1,168,000

Therefore the cost of goods sold for each of these two companies for the year ended December 31, 2017 will be:

Unimart $520,000

Precision $1,168,000

7 0
3 years ago
Frank Fronton decided to become a professional jai alai player. In January, Fronton joined a jai alai club where he could train
belka [17]

Answer:

$6,300

Explanation:

The computation of expenses that can be deducted is shown below:-

Expenses that can be deducted = Fee paid for club after getting contract(for 5 months) + Replacement cost + Travelling

= ($1,000 × 5) + $500 + $800

= $6,300

Therefore for computing the expenses that can be deducted we simply add  Fee paid for club after getting contract, replacement cost and travelling and the rest amount is not relevant for computation.

6 0
3 years ago
Mel operates a video game store. His records indicate that he had sales of $78,000. Customers returned $1,500 worth of video gam
Kamila [148]

Answer:

D. $57,500

Explanation:

Gross income = sales - (goods returned + cost of goods sold) = $78,000 - ($1,500 + $19,000) = $78,000 - $20,500 = $57,500

7 0
3 years ago
Other questions:
  • what statement is true? A. saving are a leakage in the circular flow of income B. Households pay wages to businesses C. Exports
    9·1 answer
  • The lumber companies began to replant forests after they cut them down; this process is known as lumber farming. Lumber farming
    13·1 answer
  • Managerial coordination refers to the
    6·1 answer
  • A licensee using a franchise trade name, or advertising as a member of a cooperative group, must clearly and unmistakably indica
    7·1 answer
  • Dawson Electronic Services had revenues of $116,000 and expenses of $68,000 for the year. Its assets at the beginning of the yea
    12·1 answer
  • Sophamia Company sells five products, as follows. Product A: Price per unit, $100 -- Variable cost per unit, $40 -- 3 machine ho
    5·1 answer
  • The demand curve for a monopolist differs from the demand curve faced by a competitive firm because the demand curve for: A. a m
    5·1 answer
  • Tony, the human resources manager for TopShelf Beverages, is confidentially working with line managers to lay off a significant
    9·1 answer
  • As you will see from this agreement, there are different a.p.r.s applied based on how the credit card is used. which transaction
    8·1 answer
  • Does increasing average payment period decrease operating cycle
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!