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2 years ago

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

Business

1 answer:

Romashka-Z-Leto [24]2 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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Explanation:

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3 years ago

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Answer:

a. Considered sunk costs, not relevant in further decision making

Explanation:

the missing options are:

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