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tamaranim1 [39]
2 years ago
5

Prezas Company's balance sheet showed total current assets of $2,500, all of which were required in operations. Its current liab

ilities consisted of $975 of accounts payable, $600 of 6% short-term notes payable to the bank, and $250 of accrued wages and taxes. What was its net operating working capital?
Business
1 answer:
ipn [44]2 years ago
8 0

Answer:

$1,275

Explanation:

Recall that,

Net operating working assets (NOWC) = Current assets - (current liabilities - notes payable).

Thus,

Given that

Current assets = 2500

Current liabilities = 975 + 250 + 600 = 1825

Notes Payable = 600

Therefore,

NOWC = 2500 - (1825 - 600)

NOWC = 2500 - 1225

NOWC = $1275

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8 0
1 year ago
The journal entry to record the receipt of a payment within the discount period on a sale of $900 with terms of 2/10, n/30 will
Triss [41]

Answer and Explanation:

Given that

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3 0
3 years ago
Conducting research about an occupation, company, or job can increase your employability by up to _____.
Delvig [45]
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5 0
3 years ago
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ale4655 [162]

Answer:

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2 years ago
The plaintiff and the defendant entered into a three-year contract in which the defendant would be the sole supplier of steel pa
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Answer:

Yes

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7 0
2 years ago
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