Answer:
$121
Explanation:
Change in net working capital is calculated as ; Working capital(Current year) minus Working capital (Previous year)
Since we are considering 2019,
•Current assets in 2018 = Cash + accounts receivable + inventory
= 190 + 684 + 918
= $1,792
•Current liabilities in 2018 = Accounts payable + notes payable
= $788 + $306
= $1,094
Working capital(previous year)
= $1,792 - $1,094
= $698
•Current assets in 2019 = Cash + Accounts receivable + inventory
= 190 + 726 + 1,023
= $1,939
•Current liabilities in 2019 = Accounts payable + notes payable
= 818 + 302
= $1,120
Working capital(current year)
= $1,939 - $1,120
= $819
Therefore,
Changes in net working capital
= $819 - $698
= $121
Answer:
$55,000 and $90,000
Explanation:
The average debt incurred by a male pathological gambler in the U.S. is between $55,000 and $90,000. The average rate of Norce for problem gamblers is nearly double that of non-gamblers.
Answer:
a. Accounts Payable: B
b. Cash: B
c. Common stock: B.
d. Account Receivables: B
e. Rent expenses: I
f. Service revenue: I
g. Office supplies: B
h. Dividends: RE
i. Land: B
j. Salaries Expenses: I
Explanation:
a. Accounts Payable: I
It is recorded in the Liability part to showed amount owed to suppliers.
b. Cash: B
It is recorded in the Current Asset part to show amount of cash on hand and in bank.
c. Common stock: B
It is recorded in the Owner Equity part to show Owner's capital contribution
d. Account Receivables: B
It is recorded in the Asset part to show amount owed from customers.
e. Rent expenses: I
It is recorded in the expenses part of income statement.
f. Service revenue: I
It is recorded in the revenue part of income statement.
g. Office supplies: B
It is recorded in the current asset part of the Balance Sheet statement to show how much office supplies is not consumed/ fully consumed.
h. Dividends: RE
It is recorded in the Statement of Retained Earnings to show dividend paid out in the reporting period.
i. Land: B
It is recorded in the Non-current Asset part of the balance sheet to show Book value of land possession.
j. Salaries Expenses: I
It is recorded in the expenses part of income statement.
Answer:
The correct answer is letter "C": Finance.
Explanation:
A company's Financial Department is in charge of <em>controlling the inflows and outflows of cash </em>within an association. Finance is responsible for approving budgets based on the information provided by the accounting department. Those two divisions are in charge of reporting the financial statements of the firm.
