Answer:
Change in the Net working capital is $124
Explanation:
Working Capital can be define as the net amount between the Current Asset and Current liability of a particular year
It is better written as Working capital = Current Asset - Current Liabilities.
At the beginning of the year, the working capital is = $327 - $231 = $96
At the end of the year, the working capital is = $491 - $271 = $220
Change in Net working capital = $96 - $220
Change in Net working capital = $124
Answer:
a
Explanation:
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Answer: You can be happy by doing things you always wanted to do or just do your hobbies
Explanation:Have a good day!
Answer:
$24,431
Explanation:
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
If the company failed to record a depreciation expense of $3,686 on equipment, the retained earnings would have been overstated as a result of the overstatement of the net income.
the movement in the retained earnings may be expressed as
opening balance + net income - omitted expense - dividend declared = closing balance
hence the closing balance
= $18,180 - $3,686 +$14,406 - $4,469
= $24,431
Answer:
A. $405 million
B. $332 million
Explanation:
A. Calculation for How much was Carter's net income for 2016
Using this formula
2016 Net income=Sales revenue - Cost of goods sold - Other expenses
Let plug in the formula
2016 Net income= $900 million - $270 million - $225 million
2016 Net income = $405 million
Therefore How much was Carter's net income for 2016 is $405 million
B. Calculation for How much was Carter's cash balance at the end of 2016
Using this formula
2016 Ending cash balance =Beginning balance + Cash receipts - Payments
Let plug in the formula
2016 Ending cash balance=$ 110 millon + $872 million- $375million - $275million
2016 Ending cash balance= $332million
How much was Carter's cash balance at the end of 2016 is $332million
