1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stiv31 [10]
3 years ago
5

4. (10 points). Prezas Company's balance sheet showed total current assets of $4,250, all of which were required in operations.

Its current liabilities 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:
dsp733 years ago
6 0

Answer: $3,025

Explanation:

The Net Working Capital is used to find out if the company is able to use its current assets to cater for it's Current Liabilities and as such is calculated by subtracting Current Assets from Current Liabilities.

= Current Assets - Current Liabilities

Current Liabilities = 975 + 250

= $1,225

The interest bearing funds are not included when Calculating Net Working Cap.

Net Working Capital = 4,250 - 1,225

= $3,025

You might be interested in
On July 4, Blossom's Restaurant accepts a Visa card for a $150 dinner bill. Visa charges a 2% service fee. Prepare the entry on
Tpy6a [65]

Answer:

The journal entry is shown below.

Explanation:

According to the scenario, the journal entry for the given data are as follows:

Journal entry

Jul.4 Cash A/c Dr    $147

        Card charges A/c Dr.   $3

        To Sales revenue A/c   $150

(Being card transaction is recorded)

Computation:

Cash = $150 - 2% × $150 = $147

Card charges = $150 × 2% = $3

3 0
3 years ago
For various reasons related to trying to prevent a catastrophic recession during the pandemic, the federal government has and wi
Novosadov [1.4K]

Answer:

$0.316 trillion per annum

Explanation

According to the scenario, computation of the given data are as follow:-

Interest rate = 0.5% = 0.005

Government Borrows = $6 trillion

Time = 20 years

Required Uniform Annual Payment= Government Borrows × Interest Rate × [(1 + Interest Rate)^Time period ÷ (1 + Interest Rate)Time period] - 1

= $6 trillion × 0.005 × [(1 + 0.005)^20 ÷ (1 + 0.005)^20 - 1]

= $0.03 trillion × [(1.005)^20 ÷ (1.005)^20 - 1]

= $0.03 trillion × (1.1049 ÷ 1.1049 - 1)

= $0.03 trillion × (1.1049 ÷ 0.1049)

= $0.03 trillion × 10.533

= $0.316 trillion per annum

3 0
4 years ago
Why microeconomics is useful in business decision making? Explain​
adelina 88 [10]

Explanation: The study of microeconomics helps the decision makers to analyze and determine how the productive resources are allocated for various goods and services. It also helps in solving the producers' dilemma of what to produce, how much to produce and for whom to produce. <33

7 0
3 years ago
Read 2 more answers
Calvin enjoys dining at Dawson's, a fast food restaurant. He feels that they make the best french-fries for a low price. However
emmasim [6.3K]

Answer:

The correct answer is: B. Cross-Shopping.

Explanation:

Cross-selling is a technique that consists of selling several complementary products or services to the customer that you wish to buy recently. Cross selling can be understood much more easily with an example: a user buys a computer and the seller offers a mouse and a printer.

3 0
3 years ago
In what way is the mississippi college savings account program helping to bridge the economic divide?
3241004551 [841]

Answer:

The mississippi college savings account program helps children save for more expensive schools by starting a savings account at a very young age.

The Mississippi College Savings Account Plan is helping bridge the economic drive by allowing the students to become familiar with the banking service, getting them used to the banking system and saving accounts.

4 0
3 years ago
Other questions:
  • Porter co. is analyzing two projects for the future. assume that only one project can be selected. project x project y cost of m
    5·2 answers
  • Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Weld
    12·1 answer
  • Stuart Inc. is planning to lease computer equipment for its production and testing departments. Currently, the production and te
    10·2 answers
  • What due dates did not change for tax years ending in 2016?
    14·1 answer
  • (6.55) During the current year, Robert pays the following amounts associated with his own residence: Property taxes $3,000 Mortg
    9·1 answer
  • Miranda Company borrowed $125,000 cash on September 1, 2019, and signed a one-year 5%, interest-bearing note payable. Assume no
    11·1 answer
  • Item8 1 points Time Remaining 18 minutes 53 seconds 00:18:53 Item 8Item 8 1 points Time Remaining 18 minutes 53 seconds 00:18:53
    15·1 answer
  • Brown Co. issued $100 million of its 10% bonds on April 1, 2016, at 99 plus accrued interest. The bonds are dated January 1, 201
    9·1 answer
  • Which type of adjusting entry is used to record a payment a company has not yet made for a service it received?
    9·1 answer
  • Cheque issued for advertisement of rs 8000 journal entry​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!