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makkiz [27]
3 years ago
9

The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the

income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars.
2015 2016
Revenue $4,000 $4,100
Cost of goods sold 1,600 1700
Depreciation 500 520
Inventories 300 350
Administrative expenses 500 550
Interest expense 150 150
Federal and state taxes 400 420
Accounts payable 300 350
Accounts receivable 400 450
Net fixed assets' 5000 5800
Long-term debt 2000 2400
Notes payable 1000 600
Dividends paid 410 410
Cash and marketable
securities 800 300


* Taxes are paid in their entirety in the year that the tax obligation is incurred.
Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed.
Working Capital. What was the change in net working capital during the year?
Business
1 answer:
Whitepunk [10]3 years ago
8 0

Answer:

The change in net working capital for the year is $50,000

Explanation:

Net working capital is the difference between Current assets and current liabilities. Change in net working capital is the difference between net working capital at the beginning and st the end.

current assets at the beginning =( 300+400+800)=1500

Current assets at the end = ( 350+450+300)= 1100

current liabilities at the beginning = (300+1000)= 1300

current liabilities at the end = (350+600)= 950

net working capital at the beginning = 1500 - 1300= 200

net working capital at the end = 1100 - 950= 150

therefore the change in net working capital for the year is 200 - 150 =50 000

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Sam is comparing the costs of two loans. The principal amount of each loan is $5,000. One is due in one year and the other is du
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Answer:

b. the princpal paid for the one-year loan will be higher than the princpal paid for the four-year loan

d. the interest charges for the one-year loan will be lower than the interest charges for the four-year loan

Explanation:

Sam is comparing the costs of two loans.

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<u>b. the principal paid for the one-year loan will be higher than the principal paid for the four-year loan.</u>

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d. the interest charges for the one-year loan will be lower than the interest charges for the four-year loan

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Answer:

True

Explanation:

In the marketing mix, the process of moving products from the producer to the intended user is called place. In other words, it is how your product is bought and where it is bought. This movement could be through a combination of intermediaries such as distributors, wholesalers and retailers.

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At January 1, 2018, Transit Developments owed First City Bank Group $600,000, under an 11% note with three years remaining to ma
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interest payable   66,000

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Explanation:

600,000 x 11% = 66,000 interest payable

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as the market valuye is 450,000 so a gain for 125,000 will be recognize.

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Person defines a person waiting for a heart transplant. This class is already written for you. SurvivabilityByAge defines the ra
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