Margos Cookies Inc. has working capital of $210,000. Selected operating figures include: According to the Bardahl formula,
Question:
Margo’s Cookies Inc. has working capital of
$210,000. Selected operating figures include:
According to the Bardahl formula, what is Margo's working capital need in total?
Transcribed Image Text:
Average inventory Average accounts receivable Average accounts payable Purchases Net sales Cost of goods sold Other expenses (including depreciation of $50,000 and taxes of $90,000) $150,000 80,000 50,000 300,000 960,000 600,000 440,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answer The Bardahl Formula is used to calculate the working capital need ...View the full answer
Answered By
Kalyan M. Ranwa
I have more than seven years of teaching experience in physics and mechanical engineering.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
Question Posted:
Students also viewed these Business questions
-
Margo's Cookies Inc. has working capital of \(\$ 210,000\). Selected operating figures include: According to the Bardahl formula, what is Margo's working capital need in total? Average inventory...
-
The final project for this course is the creation of a memorandum with an appendix of supporting IRS forms and schedules . Working as an accounting associate in a financial organization requires the...
-
BACKGROUND You are an information analyst working for NEE. The company president has asked you to prepare a Quantitative analysis of financial, sales, and operations data to help determine which...
-
dentify a true statement about penetration pricing. It emphasizes a company's current performance but can sacrifice long-term performance. It requires a company to price goods to cover variable costs...
-
Fermentation of sugars obtained from hydrolysis of starch or cellulosic biomass is an alternative to using petrochemicals as the feedstock in production of ethanol. One of the many commercial...
-
In Figure block 1 of mass m1 slides from rest along a frictionless ramp from height h = 2.50 m and then collides with stationary block 2, which has mass m2 = 00m1. After the collision, block 2 slides...
-
An increase in the beta coefficient _________ the required return and _________ a stocks valuation.
-
Anchor Corporation paid cash of $178,000 to acquire Zink Companys net assets on February 1, 20X3. The balance sheet data for the two companies and fair value information for Zink immediately before...
-
Daniel runs a bookkeeping business with 5 employees to facilitate them to work from home and work from the office he purchases 5 laptops in January of 2023 at the cost of $1700 each if Daniel uses...
-
War Games Inc. breaks even on its operations one year, but has dividend income of $2,000. Could it be a personal holding company? a. The following year, War Games has a net operating loss of $50,000...
-
Mr. Wilson incorporated his bookstore, Occult Books Unlimited, five years ago. Accumulated earnings are $230,000, current earnings are $80,000, and he can show a need for $150,000 ofi nventory. What...
-
Describe all solutions of Ax = 0 in parametric vector form, where A is row equivalent to the given matrix. 1 2 3 6 0 -4 8- 0
-
Convert the following information into: a) a semantic net b) a frame-based representation A Ford is a type of car. Bob owns two cars. Bob parks his car at home.His house is in California, which is a...
-
Visit www.pearsonglobaleditions.com/malhotra to read the video case and view the accompanying video. Marriott: Marketing Research Leads to Expanded Offerings highlights Marriotts success in using...
-
The water level in a tank is \(20 \mathrm{~m}\) above the ground. A hose is connected to the bottom of the tank, and the nozzle at the end of the hose is pointed straight up. The tank cover is...
-
A simple experiment has long been used to demonstrate how negative pressure prevents water from being spilled out of an inverted glass. A glass that is fully filled by water and covered with a thin...
-
A golf ball is hit on a level fairway. When it lands, its velocity vector has rotated through an angle of 90. What was the launch angle of the golf ball? Pyo By Dyz =0 Uso Range R x max dya
-
Feldstein (2005) points out that a large volume of research over the years confirms the conclusion that the Social Security system depresses private savings. Explain the economic and policy...
-
Marc Company assembles products from a group of interconnecting parts. The company produces some of the parts and buys some from outside vendors. The vendor for Part X has just increased its price by...
-
Critics have charged that compensation to top management in the United States is too high and should be cut back. For example, focusing on large corporations, Mario Gabelli of GAMCO Investors was...
-
In 1969, Tom Warren founded East Coast Yachts. The companys operations are located near Hilton Head Island, South Carolina, and the company is structured as a sole proprietorship. The company has...
-
Referring back to the Microsoft example used at the beginning of the chapter, note that we suggested that Microsofts stockholders probably didnt suffer as a result of the reported loss. What do you...
-
When preparing government-wide financial statements, the modified accrual based governments funds are adjusted. Please show the adjustments (in journal entry form with debits and credits) that would...
-
I need help finding the callable price and call value
-
On 31 October 2022, the owner took goods for his son as a birthday gift. The cost price of the goods was R15 000
Study smarter with the SolutionInn App