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3 years ago

Based on the given information, what will be the working capital of the company?

Business

1 answer:

Romashka-Z-Leto [24]3 years ago

7 0

Answer:

$37,000

Explanation:

Working capital indicates the difference between a company's current assets and its current liabilities.

Current assets include such as cash at hand, bank balances, cash equivalents, and inventories. Current liabilities are accounts payable, bills, and short term debts.

in this case,

Current assets include

Inventory $50,000

Cash at Bank $ 5,000

prepaid rent $5,000

Total current assets $60,000

current liabilities

Notes Payable $20,000

tax payable $3,000

Total current liabilities  $23,000

Working capital

= $60,000 - $23,000

= $37,000

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Answer:

a. intrinsic rewards

Explanation:

Intrinsic rewards at the workplace are those that meet personal, internal needs. These intrisic rewards can be summed up in job satisfaction and sense of accomplishment, but what makes a job satisfying, and what makes a worker feel accomplished is subjective, and varies from person to person.

Mike is focusing on the intrinsic rewards of his new job because he is giving more importance to this subjective aspects explained above than to external factors such as status, or wage.

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4 years ago

The Chart Company has a process costing system. All materials are added when the process is first begun. At the beginning of Sep

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Answer:

c) 48,000

Explanation:

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3 years ago

Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $287,000, has an estimated useful life of 8 years and an es

aliina [53]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Purchasing cost= $287,000

Useful life= 8 years

Estimated residual value= $37,400

To calculate the annual depreciation under the straight-line method, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (287,000 - 37,400) / 8

Annual depreciation= $31,200

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3 years ago

20 out of 45 men surveyed liked beef. What percentage of men did NOT like beef? (Round up to nearest %.)

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I'm not a mathematician but I'm going to go out on a limb here and say 44%!

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3 years ago

Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Nady [450]

Answer:

the total period cost for the month under variable costing is $46,700

Explanation:

Product Cost Under Variable Costing = Direct Materials + Direct Labor + Variable Overheads

Period Cost Under Variable Costing = Fixed Manufacturing Overheads + All Non-Manufacturing Overheads (Variable and Fixed)

Calculation for the total period cost - Varible Costing

Variable selling and administrative expense ( $ 7× 1,070 Units) $ 7,490

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3 years ago

Read 2 more answers