In a query, if you want to summarize the data and use a sum to apply addition to the summarized data, use the ____

The 2014 balance sheet of Steelo, Inc., showed current assets of $3,135 and current liabilities of $1,545. The 2015 balance shee

Pachacha [2.7K]

Answer:

-$35

Explanation:

The computation of the change in net working capital is as follows:

Net working capital = current assets - current liabilities

For 2014,

net working capital i s

= ($3,135 - $1,545)

= $1,590

And,

for 2015,

net working capital is

= ($3,100 - $1,545)

= $1,555

So, the change in net working capital is

= ($1,555 - $1,590)

= -$35

8 0

3 years ago

Who is the principal Federal official for domestic incident management? A. FEMA Administrator B. Federal Coordinating Officer C.

hram777 [196]

Answer:

C.

Explanation:

The individual that acts as the principal Federal official for domestic incident management is referred to as the Secretary of Homeland Security. The individual in this role is responsible for overseeing the proper functioning of the Department of Homeland security which deals with counter-terrorism, cyber-security, aviation security, and border security among other things. Today the individual in this position is Chad Wolf.

7 0

3 years ago

On January 1, 2020, Novak Corp. had inventory of $56,500. At December 31, 2020, Novak had the following account balances.

salantis [7]

Answer:

Gross Profit ⇒ $296,500

Operating expenses ⇒ $153,500

Explanation:

Gross Profit;

= Net sales - Cost of Goods sold

Net sales = Sales revenue - sales discounts - sales returns and allowances

= 807,000 - 6,000 - 10,900

= $790,100

Cost of Goods sold

= Opening balance + Purchases + Freight-in - Purchase discounts - Purchase returns and allowances -closing balance

= 56,500 + 509,500 + 4,800 - 8,000 - 2,700 - 66,500

= $493,600

Gross Profit = 790,100 - 493,600

= $296,500

Operating Expense

Net Income = Gross profit - operating expenses

143,000 = 296,500 - operating expenses

Operating expenses = 296,500 - 143,000

= $153,500

6 0

3 years ago

Which function relates to maintaining inventory?

finlep [7]

Answer:

The production department is the unit tasked with ensuring that the business has a continuous flow of merchandise inventory. As selling activities are continuous, the production unit must keep up the pace by ensuring there is sufficient inventory for the sales team to sell.

5 0

3 years ago

Use the information below for Nuthatch Corporation to answer the question that follow. Nuthatch Corporation began its operations

vivado [14]

Answer:

b. $ 138,880 is the amount of cash collections for September

Explanation:

The amount of cash collections for the month of September is determined as follows:

Sales for September is $ 248,000

The cash sale portion is 30 % so (248,000 * 30%) <u>$ ( 74,400)</u>

Remaining sales for September is on credit <u>$ 173,600</u>

The cash collections in the month of sales is 80 %,

Credit sales - $ 173,600 * 80 %= $ 138,880

4 0

3 years ago

In a query, if you want to summarize the data and use a sum to apply addition to the summarized data, use the _____ tool.