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Svetllana [295]
2 years ago
13

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    <u>  $5,000</u>

Total current assets <u>$60,000</u>

current liabilities

Notes Payable   $20,000

tax payable       <u>   $3,000</u>

Total current liabilities  <u>   $23,000</u>

Working capital

= $60,000 - $23,000

= $37,000

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Tpy6a [65]

Answer:

<u>single-segment concentration.</u>

Explanation:

<em>Single-segment concentration</em> occurs when the company concentrates its operational, productive, marketing and sales efforts to serve a single market segment.

Advantages of this model include enhancing the effectiveness of concentrated marketing, which helps the organization achieve activity specialization, which increases the possibility of becoming a market leader and achieving a high return on investment.

4 0
3 years ago
kenny is considering creating a testamentary trust. which of the following is not a feature of a testamentary trust? a.creation
bonufazy [111]

A testamentary trust could be established to oversee the charitable asset distribution in accordance with the decedent's desires.

A Testamentary Trust: What Is It?

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A person's instructions for creating a testamentary trust may be included in their will, allowing the trustee to disperse their assets to the designated beneficiaries. A testamentary trust, however, is not established until the person has gone away. Additionally, a testamentary trust may appear more than once in a will.

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4 0
1 year ago
What is a example of good customer service?
PtichkaEL [24]

Answer:

Jet blue= thanks frequent customers with small gesturer

Tesla= meet your customers where they r at

7 0
3 years ago
On October 15, 2018, Jon purchased and placed in service a used car. The purchase price was $25,000. This was the only business
Anika [276]

Answer: Total deduction= $2,528

Explanation:

25000*0.2*0.8=4,000  

Auto maximum = $3,160

Total deduction = 3,160*0.8

Total deduction= $2,528

5 0
3 years ago
. A firm begins the year with a Book Value of $10 million. During the year it generates $5 million in net profits. It paid $1 mi
Keith_Richards [23]

Answer:

b) $12 million

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The new Book Value of the firm at the bigining of next year is $12 million.

In the calulation of Net Pfofit, Interst on loan has already been deducted, so deducting it from the total calculation will be wrong.

hence, only dividend paid will be removed from the addition of the Book Value anf the Net profit.

Closing balance = Opening Book Value + Net Profit - Dividend Paid

Note - The Net Profit is already ne of interest on loan.

Closing balance = $10 + $5 - $3

Closing balance is $12

3 0
3 years ago
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