Answer:
$3,176
Explanation:
Computation of net operating working capital
Using this formula
Net operating working capital=Current assets less ( Current liabilities less Notes payable)
Where,
Current assets=$4,401
Current liabilities =($975+$600+$250=$1,825)
Notes payable =$600
Let plug in the formula
Net operating working capital=$4,401-($1,825-$600)
Net operating working capital=$4,401-$1,225
Net operating working capita=$3,176
Therefore the Net operating working capital or NOWC will be the amount of $3,176
Answer:
since there is not enough room here, I prepared a balance sheet category on an excel spreadsheet
Explanation:
Dr Wages payable 2,750
Cr Cash 2,750
Dr Real estate taxes expense 7,350
Cr Real estate tax payable 7,350
Dr Interest expense 5,437.50
Cr Interest payable 5,437.50
Dr Bond premium 145
Cr Interest expense 145
Dr Warranty expense
Cr Warranty liability
Dr Income tax expense 191,400
Dr Income tax expense (deferred) 70,470
Cr Income tax payable 191,400
Cr Deferred tax liability 70,470
Answer:
b. $1.61 million
Explanation:
The computation of assets value is shown below:-
Data provided
Cost of Assets = $2.3 million
Annual depreciation = $230,000
Total numbers of years = 3
Total depreciation = $230,000 × 3
= 690,000
= 0.69 million
Assets value = Cost of Assets - Total depreciation
= $2.3 million - $0.69 million
= $1.61 million
So, Given Market Value = $1.75 million and as per accounting conventions, Recorded book value are assets.
The given statement is True.
Conversion costs are usually incurred evenly throughout a process. Both job order and process cost accounting use equivalent units of production to determine costs
<h3><u>
Accounting for Direct Materials and Conversion Costs</u></h3>
In both costing methods, direct materials and conversion costs:
Direct materials might well be added in equal amounts at the start of the production process or used up gradually over time. Whereas, conversion costs will be spread out equally during the course of manufacturing.
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Practices that reduce competition without actual documented agreements between firms to raise price are commonly referred to as <u>restrictive practices.</u>
<h2>
How does competition affect the demand curve of a firm?</h2>
When competing firms establish prices in response to the prices set by their competitors, the demand curve that each firm faces becomes ambiguous. Increased government wheat price subsidies will not make wheat growing more lucrative.
<h2>
What has the regulator allowed firms to do to set prices?</h2>
The regulator has allowed for an adjustment for the firm's usual rate of profit, and then established the price that customers can be paid correspondingly.
<h2>What are Restrictive practices?</h2>
Restricted interventions are another term for restrictive practice. This is when someone is forced to do something they don't want to do or is prevented from doing something they want to do.
This can be accomplished by employing:
- seclusion.
- environmental constraint medication (sometimes referred to as chemical restraint).
- mechanical restraint psychological restraint.
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