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
Dennis_Churaev [7]
4 years ago
6

Canyon Tours showed the following components of working capital last year: Beginning of Year End of Year Accounts receivable "$

25,200" $ 23,600 Inventory 12,600 13,700 Accounts payable 15,100 17,700 a. What was the change in net working capital during the year? (A negative amount should be indicated by a minus sign.) b. If sales were $36,600 and costs were $24,600, what was cash flow for the year? Ignore taxes.
Business
1 answer:
Schach [20]4 years ago
6 0

Answer:

a. - $3,100

b. $17,300

Explanation:

Changes in working capital = (ending balance of current assets - ending balance of current liabilities) - (beginning balance of current assets - beginning balance of current liabilities)

where,

Beginning current assets = Account receivable + inventory

                                          = $25,200 + $12,600

                                          = $37,800

Ending current assets = Account receivable + inventory

                                    = $23,600 + $13,700

                                    = $37,300

And, the current liabilities is given

= ($37,300 - $17,700) - ($37,800 - $15,100)

= $19,600 - $22,700

= - $3,100

b. The computation of the cash flow is shown below:

= Sales - costs + decrease in accounts receivable - increase in inventory + increase in accounts payable

= $36,600 - $24,600 + $1,600 - $1,100 + $2,600

= $17,300

The decrease and increase in current assets and liabilities shows a difference between the beginning and ending year amounts

You might be interested in
Consumer’s expectations of doing new things with varied kinds of information in ways that create value have resulted in the emer
maria [59]
It seems that you have missed the necessary options for us to answer this question, so I had to look for it, so here is the answer. <span>Consumer’s expectations of doing new things with varied kinds of information in ways that create value have resulted in the emergence of ON-DEMAND MARKETING. Hope this helps.</span>
4 0
3 years ago
Suppose Brian is in the market for a used textbook and the campus bookstore is having a sale. If the initial price of the used b
pishuonlain [190]

Answer:

35.29%

Explanation:

Data provided in the question:

Market price of the used book = $85

Discounted price = $55

Now,

The percentage change in the book price will be calculated as:

=\frac{\textup{Market price - Discounted price}}{\textup{Market price}}\times100

on substituting the respective values, we get

=\frac{85-55}{85}\times100

= 35.29%

Hence,

the percentage change in the book price is 35.29%

5 0
3 years ago
According to the article, which of the following components of the ACA would
bonufazy [111]

The option of  the components of the ACA that would not put upward pressure on health insurance costs to consumers is a lack of competition in health insurance markets.

<h3>What is the Affordable Care Act?</h3>

This is known as an Ct that came to being in 2010, the time when the Patient Protection and Affordable Care Act (ACA) was said to be passed.

The Act covers provision of health insurance to people that is not currently covered and to lower the costs in all of U.S. health care system.

When there is no competition in health insurance markets, upward pressure is not place to deliver affordable health insurance.

With low-income consumers receiving

new subsidies to pay for health insurance, and with insurers having to cover new patients with preexisting conditions that often require expensive treatment, one should

expect that more services would lead to higher costs.

Economic theory suggests that increasing the level of

competition in the insurance market could decrease

monopolistic practices and reduce costs to consumers.

Based on market concentration data, the United States

See full options below

According to the article, which of the following components of the ACA would likely not put upward pressure on health insurance costs to consumers?

a. Insurers covering preexisting conditions that often require expensive treatment

b. A lack of competition in health insurance markets

c. Incentives for more consumers to own health insurance policies

d. All of the above

Learn more about  health insurance from

brainly.com/question/1941778

4 0
2 years ago
Businesses are necessary in order to perform which function?
7nadin3 [17]
Businesses are necessary to hire, organize, and supply workers.
8 0
3 years ago
What are at least two things athlete shown for the first few minute
Vanyuwa [196]
AGILITY AND STRENGTH
5 0
3 years ago
Other questions:
  • The basic principle involved with expense recognition is____________.a. The business will continue to operate indefinitely unles
    11·2 answers
  • Restaurant pagers reduce wait time for customers, true or false?
    7·1 answer
  • given that c=$500 + 0.8yd, if the level of disposable income is $1,000, the level of saving is a)$300. b)-$300 c)$500 d)-$1,300
    5·1 answer
  • Explain and discuss how each phase of the boom-and-bust cycle has characterized the history of capital flows from the advanced i
    8·1 answer
  • Drius Security stock has a yearly dividend of $12.11. If you own 132 shares of Drius Security, how much do you get paid in quart
    7·1 answer
  • QUIZLLET Robin’s automobile, which she uses exclusively in her trade or business, was damaged in an accident. The adjusted basis
    15·1 answer
  • A vintner is deciding when to release a vintage of sauvignon blanc. If it is bottled and released​ now, the wine will be worth $
    7·1 answer
  • Which two were weaknesses of the Articles of Confederation?
    8·1 answer
  • You have just turned 27 and may now spend a portion of the trust fund your parents established for you. The terms of the trust f
    14·1 answer
  • Which retirement plan specifies the benefits you'll receive at retirement age based on your total earning and years on the job
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!