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NemiM [27]
2 years ago
14

A firm has $800 in inventory, $1,400 in fixed assets, $500 in accounts receivables, $100 in net working capital, and $50 in cash

. What is the amount of the current liabilities
Business
1 answer:
Alex777 [14]2 years ago
3 0

Answer:

Add it all Together?

Explanation:

2850?

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In​ 2019, BayKing Company sold used equipment for $ 21 comma 000. The equipment had an original cost of​ $80,000 and accumulated
Mamont248 [21]

Answer:

$11,000

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.

net investing cash flows

= $21,000 - $10,000

= $11,000

3 0
2 years ago
A fire destroyed some of Cholla, Inc.’s records. Information from the documents found related to inventory is listed below. Endi
sineoko [7]

Answer:

$860,400

Explanation:

Cholla, Inc.’s

Cost of goods sold = Beginning inventory + Purchases − Ending inventory

Purchases = Cost of Goods Sold − Beginning Inventory + Ending Inventory

Cost of Goods Sold $801,000

Less Beginning Inventory ($77,400 )

$723,600

Add Ending Inventory $ 136,800

Amount of inventory purchased $860,400

Therefore the amount of inventory that was purchased during the year was $860,400.

Mean while the consignment inventory is not owned by the company and is not as well considered in the Cost of Goods Sold equation.

3 0
3 years ago
Samantha is an employee at a bank and uses a username and password to login to her computer. She ensures that she keeps these cr
V125BC [204]
2 - Confidentiality  is your answer
4 0
3 years ago
Brown Co. pays weekly salaries of $10,500 on Friday for a five-day workweek ending on that day. Assuming the end of the accounti
ra1l [238]

Answer:

c.credit to Wages Payable for $6,300.

Explanation:

The journal entry to record the wages expense is shown below;

Wages expense dr ($10,500 × 3 ÷ 5) $6,300

      To Wages payable $6,300

(being the wages expense is recorded)

Here the wages expense is debited as it increased the expense and credited the wages payable as it increased the liabilities

8 0
3 years ago
When talking about saving money, Anthony ONeal says, "Start paying yourself and
konstantin123 [22]

Answer:

“and get rich” I believe that’s the answer

Explanation:

6 0
2 years ago
Read 2 more answers
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