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
aniked [119]
3 years ago
5

Black Top Express has $1,320 of cash, inventory of $10,200, net fixed assets of $33,600, accounts payable of $3,650, accounts re

ceivable of $3,780, and long-term debt of $18,100. All costs, net working capital, and fixed assets vary directly with sales. Sales are projected to increase by 4.8 percent annually. What is the pro forma net working capital for next year
Business
1 answer:
VladimirAG [237]3 years ago
8 0

Answer:

$12,209

Explanation:

The computation of the pro forma net working capital is shown below;

Add items

Cash           $1,383                     {$1,320 × (1 + 4.8%)}

Inventory    $10,690                        {$10,200 × (1+4.8%) }

Accounts receivable $3,961                {$3,780 × (1 + 4.8%)}

Less

Accounts payable -$3,825               {$3,650 × (1 + 4.8%)}

Pro forma net working capital           $12,209

We simply added the current assets and deduct the current liabilities

You might be interested in
What is the American opportunity credit for 2018
DaniilM [7]
<span>The American Opportunity Credit is a tax credit that is offered on education expenses for eligible students that qualify. It is only applicable in the first four years that a student is attending a type of higher education and the maximum yearly credit caps out at $2500 per student who is eligible.</span>
3 0
3 years ago
A restaurant bill is made up of the following: $12.50 for starters, $28.55 for main courses, and $8.95 for deserts, plus a 15% s
Alina [70]

Answer:

The bill is $57.5

Explanation:

The computation of bill is shown below:

= Price for starters + price for main course + price for deserts + service charge tax

= $12.50 + $28.55 + $8.95 + $7.5

= $57.50

The service charge would be calculated by considering all food costing.

In mathematically

= Service tax rate × ( Price for starters + price for main course + price for deserts)

= 15% × ($12.50 + $28.55 + $8.95)

= 15% × $50

=$7.5

Hence, the bill is $57.5

7 0
2 years ago
Eccles Inc., a zero growth firm, has an expected EBIT of $100,000 and a corporate tax rate of 30%. Eccles uses $500,000 of 12.0%
Feliz [49]

Answer:

$587,500

Explanation:

You are required to calculate the value of the levered firm;

vL = vU + Dt, whereby;

vL = Value of levered firm

vU = value of unlevered firm

Dt = debt * tax ; which is the tax shield

Find value of unlevered firm;

vU = [EBIT(1-tax) ]/ rE

    = [100,000(1-0.30)] / 0.16

    = 437,500

Value of levered firm;

vL = 437,500 + (500,000*0.30)

   = 437,500 +150,000

   = $587,500

6 0
3 years ago
Why was agricultural sector declared as critical industry and exempt from the hardest lockdown regulations
Neko [114]

Answer:

Kindly check explanation

Explanation:

Food production and consumption is critical and key to survival, no matter an established and generally accepted number of daily square meal of 3 is widely adopted. This gives a clue tgta, no matter a country's problem or issues they face, aspects which concerns food and generally agriculture would be treated preferentially. Following the outbreak and severe spread of the deadly virus, it became imperative that affected nations introduced critical measures to try and curtail its spread, stringent measures include ; restriction of movement, strict emphasis on social distancing, hence, the need to reduce the number of people on a particular site or work area, travel restrictions, among others. This restrictions had s here effect on the agriculture and the food supply chain and its effect was quickly very noticeable as people would eventually die of hunger if nothing was done. This prompted government to introduce exemptions and preference afforded to the agricultural sector ; such as keppibg trade channels open in other to facilitate food distribution, timely observation and monitoring of food crisis among others.

4 0
3 years ago
A person is mad at their roommate so out of spite they decide to intercept a credit card offer in the mail, and fill it out in t
Rudik [331]

Answer:

The correct answer is letter "B": identity theft .

Explanation:

Identity theft refers to the act of using other people's information to obtain usually a financial advantage. Full names, social security numbers, phone numbers or any other individual information is stolen from others to be used in favor of the criminal.

8 0
2 years ago
Other questions:
  • Use the information about Billy's Burgers to answer the following question(s):
    5·1 answer
  • Anyone knows how to get free chorus hero I need it for a worksheet that’s due today but u have to pay to use chorus hero I don’t
    13·1 answer
  • A florist who has been in business for several years finds himself facing several problems simultaneously. First, he has a large
    11·1 answer
  • Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 3% of credit sales will
    15·1 answer
  • Following the formation of a corporation, which of the following terms best describes the process by which the promoter is relea
    15·1 answer
  • You are to make monthly deposits of $450 into a retirement account that pays an apr of 10.7 percent compounded monthly. if your
    7·1 answer
  • Two important goals for any speech are:
    12·1 answer
  • When artists pass away, the supply of their paintings most likely becomes?
    8·2 answers
  • M Company has the following information available before recording the adjustment at the end of the year: Accounts Receivable $8
    15·1 answer
  • An account that earns intrest and is used to to meet financial goals is a
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!