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Novay_Z [31]
3 years ago
13

Carla Vista Electronics reported the following information at its annual meetings: The company had cash and marketable securitie

s worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,184,800, accounts receivables of $3,472,300, short-term notes payable worth $1,136,100, and other current assets of $121,455. What is the company's net working capital
Business
1 answer:
adell [148]3 years ago
6 0

Answer:

$6,718,553

Explanation:

Working capital is the net of current assets (Inventory, account receivables, Cash etc) and current liabilities (Accounts payable, short term notes payable etc).

It is a financial measure that gives insight into how liquid a company is. .

As such, the company's working capital

= $1,235,455 - $4,159,357 + $7,184,800 + $3,472,300 - $1,136,100 + $121,455

( the signs are positive for assets and negative for liabilities)

= $6,718,553

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On June 1 of Year 1, a company paid $2,400 cash to rent office space for one year beginning immediately. Based solely on this in
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With an assumption that the company's accounting year is same as the calender year, the income statement would show $1,000 of rent expense.

<h3>What is an income statement?</h3>

An income statement refers to a financial statement that shows a firm's income and expenditures for an accounting year.

Rent expenses = $2,400 prepaid rent / 12 months

Rent expenses = $200 per month

Rent expenses = $200 rent expense per month x 5 months (in Year 2)

Rent expenses = $1,000 rent expense

In conclusion, with an assumption that the company's accounting year is same as the calendar year, the income statement would show $1,000 of rent expense.

Read more about income statement

<em>brainly.com/question/24498019</em>

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2 years ago
In a particular labor market, the demand for labor is given by W = 20 – (1 / 100)L, and the supply of labor is given by W = 4 +
djverab [1.8K]
The wage will create surplus of workers since it is above the equilibrium wage.
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3 years ago
A buyer has a 30-year, $400,000 loan with a 7% interest rate. How much of the first month's mortgage payment is interest
Juli2301 [7.4K]

The portion of the first month's mortgage payment meant for interest is $2,333.33

What is a mortgage?

Mortgage is a loan taken to acquire property which requires periodic interest payment such as monthly , semiannually or even annually.

First month interest=loan amount*annual interest rate/12

First month interest=$400,000*7%/12

First month interest=$2,333.33

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4 0
2 years ago
Read 2 more answers
Help Please!!!!Jamir has decided that he needs a new car. He has found the model and color he wants for a purchase price of $25,
Leokris [45]

Answer:

He will have to come up with a bigger down payment

His monthly payments will be higher.

If Jamir leases the car, his down payment will be $1500.

If he purchases the car, his down payment will be 10% of purchase price which will be \frac{10}{100} *25,838 = $2583.80.

Hence his down payment will be higher if he purchases the car.

If Jamir leases the car, his monthly payments will be $290, as against the monthly payment of $432.46, which is higher.

0 0
3 years ago
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On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on Septemb
Akimi4 [234]

Answer:

$54,000

Explanation:

Average accumulated expenditure can be determined by calculating the weighted average expenditure of each bond based on the numbers of month each bond is outstanding.

2016

As per given data

January 1, 2016 $300,000

September 1, 2016 $450,000

December 31, 2016 $450,000

Expenditures

As the bonds have different outstanding periods in the year, so we have to calculate the weighted average expenditure based on the numbers of months each bond outstanding within 2016.

January 1, 2016         $300,000 x 12/12 x 12% = $36,000  

September 1, 2016   $450,000  x 4/12 x 12% =  $18,000

December 31, 2016  $450,000  x 0/12 x 12% = <u>$0           </u>

Total Expenditure                                                <u>$54,000 </u>

3 0
3 years ago
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