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Ronch [10]
3 years ago
6

A company has net working capital of $2,077. If all its current assets were liquidated, the company would receive $6,001. What a

re the company's current liabilities?
Business
1 answer:
djyliett [7]3 years ago
6 0

Answer:

The current liability is $$3,924

Explanation:

Net working capital is calculated by subtracting current Liability of a business from its current asset.

i.e Net working capital = current asset - current Liability

In this question, net working capital is $2,077 while current asset is $6,001.

Therefore current liability = current asset - net working capital.

$6,001 - $2,077

=$3,924.

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If your income varies, you should
MAXImum [283]

Answer:

b. list the average amount.

Explanation:

If your income varies, you should "list the average amount".

When a particular set of values vary, an average value is used. Average value is actually the estimated value which is found in two or more varying values. It gives an idea of what an expected value will be.

So, when income varies, the average amount is expected to be listed. This is done in order compensate even the lowest amount. So if two income varies, the average amount can be determined by adding the highest amount to the lowest amount, and dividing the outcome by 2.

7 0
3 years ago
Larkspur, Inc. had net sales in 2020 of $1,447,100. At December 31, 2020, before adjusting entries, the balances in selected acc
Zielflug [23.3K]

Answer:

The entry to record bad debt expense:

Debit Bad debts expense $24,446

Credit Allowance for Doubtful Accounts $24,446

Explanation:

1. At December 31, 2020,

Bad debt are estimated: 11% x $204,600 = $22,506

Before adjusting, Allowance for Doubtful Accounts had a debit balance of $1,940. So Bad debt expense will be: $1,940 + $22,506 = $24,446

The adjustment to record Bad debt expense and Allowance for Doubtful Accounts:

Debit Bad debts expense $24,446

Credit Allowance for Doubtful Accounts $24,446

6 0
3 years ago
Which of the following statements is false?
Paul [167]

Answer:

C

Explanation:

C. online retailing and in-store retailing experience similar rates of product return.

3 0
3 years ago
Classified ads in newspapers
ZanzabumX [31]

A.are a good source of referrals.

5 0
3 years ago
You have $135,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $49,000.
cricket20 [7]

Answer:

a. Does this create a disbursement float or a collection float?

A disbursement float occurs when you write a check and hand it out, but the person that receives the check hasn't cashed it yet. You do not owe the money anymore, but it still appears on your bank account.

b. What is your available balance?

your bank account balance = $135,000

c. What is your book balance?

book balance = $135,000 - $49,000 = $86,000

6 0
3 years ago
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