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s2008m [1.1K]
2 years ago
11

working capital is defined as A. All assets available for sale after long term debt is paid off. B. The assets that the company

keeps for more than one year. C. The current assets divided by current liabilities. D. The current assets remaining after paying current liabilities.
Business
1 answer:
Nutka1998 [239]2 years ago
5 0

Answer:

D. The current assets remaining after paying current liabilities

Explanation:

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The adjusted trial balance of Warbocks Corporation at December 31, 2017 includes the following accounts: Retained Earnings $12,6
irina [24]

Answer:

                                            Warbocks Corporation

Statement of retained earnings for the year ended December 31, 2017

                                                                                      Amount in $

Opening retained earnings                                           12,600

Net income for the year                                                  7,000

Dividend                                                                         <u> (5,000)</u>

Closing retained earnings                                             <u> 14,600</u>

Explanation:

The retained earnings statement shows the movement in the retained earnings balance between the start and end of the year.

This includes the net earnings and dividend paid during the year.

Net income =  $30,000 - $15,000 - $2,000 - $4,500 - $500 - $1,000

= $7,000

5 0
2 years ago
Getaway Travel Company reported net income for 2021 in the amount of $68,000. During 2021, Getaway declared and paid $18,000 in
Lynna [10]

Answer:

$0.35 per share

Explanation:

According to the scenario, computation of the given data are as follows,

Net income = $68,000

Preferred cash dividend = $18,000

So, we can calculate the basic earning per share by using following formula,

Basic Earning per share = ( Net income - Preferred cash dividend) ÷ Outstanding common shares

= ($68,000 - $18,000) ÷ [( 58,000 × 2) + (28,000 × 2 × 6/12)

= $50,000 ÷ [ 116,000 + 28,000]

= $50,000 ÷ 144,000

= $0.35 per share

4 0
2 years ago
Which of the following are normally recorded on a registration card?
elena55 [62]
DONT OPEN THAT LINK ITS A HACKER IT CAN HAVK YOUR PHONE
5 0
2 years ago
Hartong Corporation is contemplating purchasing equipment that would increase sales revenues by $185,000 per year and cash opera
krek1111 [17]

Answer:

The simple rate of return on the investment is closest to: C. 10.6%

Explanation:

In Hartong Corporation:

Increasing net income = Increase sales revenues - Cash operating expenses - Annual depreciation expense = $185,000 - $89,000 - $52,000 = $44,000

This is the net income from the equipment per year

Return on the investment (ROI) is calculated by using following formula:

ROI = (Net income/Cost of investment )x 100%

Cost of investment  = Cost of equipment = $416,000

ROI = ($44,000/$416,000) x 100% = 10.6%

8 0
3 years ago
Charles is having trouble making his mortgage payment due to too much debt
White raven [17]

Answer:

a  he brokeeeee

Explanation

8 0
2 years ago
Read 2 more answers
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