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g100num [7]
3 years ago
14

Le Son, Inc., has current liabilities of $11,700 an accounts receivable of $15,200. The firm has total assets of $43,400 and net

fixed assets of $24,800. The owners' equity has a book value of $21,000. What is the amount of the net working capital
Business
1 answer:
AleksandrR [38]3 years ago
8 0

Answer:

Explanation:

These terms are culled from Balance sheet and Balance sheet have two sides,  The Debit and Credit side. The debit side contain the Capital, Current Liabilities among others and The Credit side contain The Fixed asset and the Current asset

The amount of Net working capital is derived from Current asset - Current Liability

Net working capital  = Current asset - Current Liability

Where Current asset = Total asset - Net Fixed asset= 43,400-24,800 = 18,600

Where Current Liability = 11,700

Therefore, Net working capital  =  $18,600 - $11,700 = $6,900

The amount of the net working capital = $6,900

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4 0
3 years ago
Cave Hardware's forecasted sales for April, May, June, and July are $150,000, $250,000, $100,000, and $290,000, respectively. Sa
dmitriy555 [2]

Answer:

$160,000

Explanation:

The computation of budgeted cash payments in June is shown below:-

For computing the budgeted cash payments in June first we need to find out the may credit sales and June cash sales.

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5 0
4 years ago
The typical family on the Planet Econ consumes 10 pizzas, 7 pairs of jeans, and 20 gallons of milk. In 2016, pizzas cost $10 eac
jasenka [17]

Answer:

increase in cost of living of 9.09%

Explanation:

The cost of living for 2016 is goven as

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= 109.09%

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8 0
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Answer:

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5 0
3 years ago
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