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omeli [17]
3 years ago
6

Calin Corporation has total current assets of $617,000, total current liabilities of $233,000, total stockholders’ equity of $1,

185,000, total plant and equipment (net) of $960,000, total assets of $1,577,000, and total liabilities of $392,000.a. The company's working capital is ___________.
Business
2 answers:
Otrada [13]3 years ago
7 0

Answer:

Working capital = Current assets - Current liabilities

                          = $617,000 - $233,000

                          = $384,000

Explanation:

Working capital refers to current assets minus current liabilities. It is the capital available for day to day running of a business.

irakobra [83]3 years ago
3 0

Answer:

The company's working capital is $384,000

Explanation:

Working capital is a measure of how liquid an entity is. This is determined by considering the value of the current assets available to settle the current liabilities of the entity.

Working capital = Current Assets – Current Liabilities

Current Assets = $617,000

Current Liabilities = $233,000

Working capital = $617,000 - $233,000

                          = $384,000

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Answer:

Experts are tested by Chegg as specialists in their subject area. We review their content and use your feedback to keep the quality high. Transcribed image text: If the required reserve ratio is 10 percent, the banking system currently has excess reserves equal to: $10 billion.

Explanation:

5 0
3 years ago
List three classified ways of getting into small business?​
lisov135 [29]

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sole , partnership , team business

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2 years ago
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A production possibilities​ frontier: A. shows how unlimited wants exceed the limited resources available to fulfill those wants
solong [7]

Answer:

The correct answer is C. Shows the maximum attainable combinations of two goods that may be produced with available resources.

Explanation:

The Production Possibilitiy Frontier (PPF) shows the most optimal usage of a a limited amount of resources to produce two separate goods and obtain the maximum production output possible. This theory is applicable only to the production of 2 products and demonstrates the concept of cost of opportunity. Producing more of one of the products means producing less of the other, as the resources are scarce.

4 0
3 years ago
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Tim is a single, cash-method taxpayer with an AGI of $50,000. In April of this year, Tim paid $1,100 with his state income tax r
Ivan

Answer:

The amount of taxes that Tim can deduct as an itemized deduction is $7,340

Explanation:

The computation of the itemized deduction is shown below:

= State income tax for the previous year + state income tax from his salary + estimated payments of state income tax

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8 0
3 years ago
Job costing, accounting for manufacturing overhead, budgeted rates. The Pisano Company uses a job-costing system at its Dover, D
Wittaler [7]

Answer:

Budgeted manufacturing overhead rate in the machining department is $49.00 per machine hour.  In the finishing department is $52.78 per direct labor hour.

Explanation:

<em>Budgeted manufacturing overhead rate = Budgeted Overheads ÷ Budgeted Activity</em>

Note that ;

1. Machining department has machine- hours as the allocation base.

2.Finishing department has direct manufacturing labor costs as the allocation base

Therefore,

Budgeted manufacturing overhead rate (Machining department) = $9,065,000 ÷ 185,000 = $49.00 per machine hour

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Conclusion

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8 0
3 years ago
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