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Snowcat [4.5K]
3 years ago
7

At the beginning of the year, a firm has current assets of $16,200 and current liabilities of $13,280. At the end of the year, t

he current assets are $14,800 and the current liabilities are $14,210.
What is the change in net working capital?

a.$470

b.$50

c.$470

d.$2,330

e.$2,330
Business
1 answer:
Stolb23 [73]3 years ago
3 0

Answer:

e. - $2,330.

Explanation:

Working capital is calculated by subtracting total current liabilities of a company from its total current assets. This is the amount of capital which is used by the company in running day to day operations. Working capital is considered an important part in company's operating capital.

The net working capital is calculated by subtracting working capital at the end of year minus working capital at start of the year.

Working capital at start = Current Assets - Current Liabilities

Working capital at start : $16,200 - $13,280 = $2,920

Working capital at end = Current Assets - Current Liabilities

Working capital at end : $14,800 - $14,210 = $590

Net working capital = Working capital at year end - Working capital at start of year.

Net working capital = $590 - $2,920

Net working capital = - $2,330.

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3 years ago
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.
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The total cost when producing zero units is $20.

The marginal cost for the first unit is $50.

The average total cost when producing three units is $65.67.

The average variable cost when producing four units is $98.

<h3>What are cost functions?</h3>

Fixed cost is cost that remains constant regardless of the output produced. It remains constant regardless the level of output. An example of fixed cost is rent. Average fixed cost is fixed cost divided by total output.

Variable cost is the cost that increases with the level of output. It increases the more output is produced. An example of variable cost is wages paid to labor. the average variable cost when producing four units. Average variable cost is variable cost divided by total output.

Total cost is the sum of fixed cost and variable cost. Average total cost is total cost divided by total output.

Marginal cost is the change in total cost.

Total cost of producing zero units = fixed cost + variable cost

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Marginal cost of the first unit = (total cost of the first unit - total cost of the zero unit) / (2 - 1)

total cost of the first unit = (average variable cost x total output) + fixed cost

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Marginal cost = (70 - 20) / (2 - 1) = $50

The average total cost when producing three units = Total cost / total units

Total cost of three units = marginal cost of three units + total cost of two units

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The average total cost = $197 / 3 = $65.67

The average variable cost when producing four units = (412 - 20) / 4 = $98

To learn more about marginal cost, please check: brainly.com/question/26246533

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