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natali 33 [55]
3 years ago
9

In 2016, Southwest Airlines had negative net working capital of $(2,346) million and current assets of $4,498 million. The firm’

s current liabilities are: A. $2,152 million B. $6,844 million C. $2,346 million D. $5,236 million E. There is not enough information to calculate the amount.
Business
1 answer:
timofeeve [1]3 years ago
7 0

Answer:

B. $6,844 million.

Explanation:

We know,

Net working capital = Current asset - Current liabilities

Given,

Net working capital = $(2,346) million

Current asset = $4,498 million

Putting the value into the formula, we can get

Net working capital = Current asset - Current liabilities

Current liabilities = - Net working capital + Current asset

Current liabilities = - (2,346) + $4,498

Current liabilities = $2,346 + $4,498

Current liabilities = $6,844 million.

Option B is the correct answer.

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French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be: A) Demanding dollars
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Answer:

C) Supplying euros and demanding dollars in the foreign exchange market.

Explanation:

Foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.

For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.

Hence, French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be supplying euros and demanding dollars in the foreign exchange market because the medium of exchange (legal tender) in France and Germany is the "Euros" while it is "Dollars" in the United States of America.

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Burr Publishers purchased a building on March 20, 20Y1, for $160,000. Other amounts related to this purchase are as follows:
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Answer:

1. Which amount related to this purchase should be recorded in the accounting records?

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4. Which element of the accounting equation represents the rights of owners?

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Why are some producers forced to sell their products at the prevailing market price? Group of answer choices price takers find m
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Some producers are forced to sell their products at the prevailing market price because of (C) a high degree of similarity to competitor's products.

<h3>What is the prevailing market price?</h3>
  • Prevailing Market Price refers to the market's published wholesale price and, in the absence of a declared wholesale price, the prevailing market price of any commodities.
  • The term "prevailing market conditions" refers to the average amount of rent paid by operators of similar sized and placed lodges throughout the country, as determined in good faith by the national protected area authority.
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Know more about market prices here:

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The complete question is given below:
Why are some producers forced to sell their products at the prevailing market price?

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B. they are very small players in the overall market

C. high degree of similarity to competitor's products

D. they can increase output without affecting the quality

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