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Anit [1.1K]
2 years ago
7

Bear Tracks, Inc., has current assets of $2,310, net fixed assets of $10,700, current liabilities of $1,420, and long-term debt

of $4,120.
What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Shareholders' equity $

How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Net working capital $
Business
1 answer:
laiz [17]2 years ago
3 0

Answer:

The more you sell the more you will earn :)

Explanation:

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Costs of insurance vary by state, risk profile and amount of coverage. Visit insurance company websites and find out how much ea
FinnZ [79.3K]

Answer:

Home owner’s insurance: most homeowners insurance policies provide a minimum of $100,000 worth of liability insurance. The costs for such a policy would be $500 deductible.

Medical Insurance: For a four person household with a family income of $75,000 in Virginia would be approximately $600 a month. This would not include supplementary insurance.

Automobile insurance: To insure to cars up to $50,000 in damages each, would cost $1,200 a year, paid every 6 months. This assuming that only 2 people in the household have driver’s licenses.

Explanation:

This was the sample answer given

6 0
2 years ago
Read 2 more answers
A series of monthly cash flows is deposited into an account that earns 12% nominal interest compounded monthly. Each monthly dep
nirvana33 [79]

Answer:

The amount left in the account after last withdrawal is $61,945

Explanation:

The first monthly deposit occurred on June 1, 2008 and the last monthly deposit will be on January 1, 2015 = 80 deposit

Monthly deposit = 2,100

Interest rate = 12% / 1% per month

Firstly, we calculate the future worth of the monthly deposit

FW = A(F/A, i, n)

A = 2,100, i = 1%, n= 80

FW = $2100*[(1+0.01)^80 - 1 / 0.01]

FW = $2100*[2.216715 - 1 / 0.01]

FW = $2100*(121.671)

FW = $255,509.10

We calculate the effective interest rate

i(effective) = (1 + i nominal monthly interest rate)^n - 1

i `%, n = 3(no of months in quarter)

i (effective) = (1+0.01)^3 - 1

i (effective) = (1.01)^3 - 1

i (effective) = 1.030301 - 1

i (effective) = 0.030301

i (effective) = 3.0301%

The effective quarterly interest rate is 3.0301%

We calculate the future worth of the quarterly drawings

FW = A[(1+i)^n - 1 / i]

A = 5,000(drawing), i = 3.0301%, n = 26(number of drawings)

FW = 5,000*[(1+0.030301)^26 - 1 / 0.030301]

FW = 5,000*[2.17303717 - 1 / 0.030301]

FW = 5,000*(38.71282)

FW = $193,564.10

The future worth of the quarterly withdrawal is $193,564.10

We calculate the amount left in the account after last withdrawal

Amount left in account = FW(monthly deposits) - FW(quarterly drawings)

Amount left in account = $255,509.10 - $193,564.10

Amount left in account = $61,945

Thus, the amount left in the account after last withdrawal is $61,945

6 0
2 years ago
Today's business environment changes so rapidly that strategic planning is becoming more difficult and subject to change.
xeze [42]

Answer: True

Explanation:

Yes, the given statement is true that the today business field are changing  more rapidly as compared to the strategy planning as the implementation of this type of stage is more difficult in an organization.

As it involves various types of implementing the critical choices for producing the various types of products and the services in an organization.

By properly implementing the specific steps in the strategic planning we can also improve the productivity of the company and also build the revenues.    

   

6 0
3 years ago
A firm with market power Select one: a. can increase price without losing all sales. b. faces a downward-sloping demand curve. c
cricket20 [7]

Answer: d. both a and b

Explanation: If the company has market power, it means that its customers will get their products no matter how much they care, whether they have no competitors nearby or no substitutes. This company has a monopolistic characteristic, that is, depending on the price set by buyers, they will demand more or less, if this company wants to increase its sales in the future, the price must be lowered.

7 0
3 years ago
Inventory AnalysisThe following data were extracted from the income statement of Keever Inc.: Current Year Previous YearSales $1
valkas [14]

Answer:

(1) the inventory turnover

  • previous year: 12
  • current year: 9

and (2) the number of days' sales in inventory

previous year: 30.4 days

current year: 40.6 days

Inventory turnover decreased while days' sales in inventory increased. This means that the company's inventory position has deteriorated.

Explanation:

                                           Current Year                 Previous Year

Sales                                  $18,500,000                 $20,000,000

Beginning inventories           $940,000                       $860,000

Cost of goods sold             $9,270,000                  $10,800,000

Ending inventories               $1,120,000                      $940,000

inventory turnover = COGS / average inventory:

previous year: $10,800,000 / [($860,000 + $940,000)/2] = 12

current year: $9,270,000 / [($1,120,000 + $940,000)/2] = 9

number of days' sales in inventory = 365 / inventory turnover

previous year: 365 / 12 = 30.4 days

current year: 365 / 9 = 40.6 days

4 0
2 years ago
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