Shown below are account balances for Electra Engines Inc., a manufacturer. The accounts are shown in a
Question:
Shown below are account balances for Electra Engines Inc., a manufacturer. The accounts are shown in a random order. What is the amount of net working capital?
Transcribed Image Text:
Net Working Capital $_ Property, Plant, and Equipment Accounts Payable Intangible Assets Cash Marketable Securities (maturing in 6 months or less) Retained Earnings Interest Payable Notes Payable (due in 24 months) Accounts Receivable Notes Payable (due in 6 months) Common Stock Dividends Payable Inventory $500,000 6,000 5,000 10,000 30,000 25,000 2,000 10,000 20,000 20,000 45,000 3,000 $ 50,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
Answer 79000 Solution Description Amount Current Assets Cash 10000 Marketabl...View the full answer
Answered By
Chiranjib Thakur
I have no tutoring experience yet, but I can share my skills and knowledge gained from my education and work experiences. I have been a CPA since 2012 with 6 years of work experience in internal auditing and 4 years of work experience in accounting at the supervisory level.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Listed below are account balances and other data for Hands & Eyes, Inc., a company that sells crafts and decorative supplies, for the fiscal year ended December 31, 2004. From the data presented...
-
Given below are account balances for the partnership of Flint, Yancy, and Goldsmith before the retirement of Goldsmith. Each case presents account balances of the Flint and Yancy partnership...
-
Presented below are account balances for Monterey Hospital. In addition, cash transactions for the year ended December 31, 2017, are summarized in the T-account. ACTIVITY ACCOUNTS...
-
You have obtained the following share prices from Yahoo Finance. Company 1 is listed on the London Stock Exchange. You want to estimate the beta value for Company 1. You run a regression of the share...
-
If fX,Y(x, y) = 2, x 0, y 0, x + y 1 show that the conditional pdf of Y given x is uniform.
-
An FCC iron-carbon alloy initially containing 0.20 wt% C is carburized at an elevated temperature and in an atmosphere wherein the surface carbon concentration is maintained at 1.0 wt%. If after 49.5...
-
The perceptions of accounting professors with respect to the present and desired importance of various factors considered in promotion and tenure decisions at major universities was investigated in...
-
Sundial, Inc., produces two models of sunglasses: AU and NZ. The sunglasses have the following characteristics: The total fixed costs per year for the company are $2,208,000. Required a. What is the...
-
Frederick Company has two service departments (Cafeteria Services & Maintenance). Frederick has two production departments (Assembly Department & Packaging Department.) Frederick uses a step...
-
Q No 3: M/s. Khalid Traders started business on March 1, 2006 with a cash investment of Rs.700,000. They completed the following transactions during the month: Mar.2:Paid shop rent in advance for one...
-
Why isnt the net income reported on a corporate balance sheet a good estimate of the increase in cash that occurred during the year?
-
Intelligent Cookies Inc. (ICI) sold $30,000,000 of product in a year that had a cost of goods sold of $10,000,000. The average inventory carried by ICI was $500,000. On average, it takes 35 days for...
-
The length of time a note is outstanding, that is, the period of time between the date it is issued and the date it matures. True/False
-
Part 1 - Financial Statement Analysis Income Statement Kirks Family Restaurant December 31, 2018 Sales 480,000 Interest revenue 15,000 Total Revenue 495,000 Cost of goods sold 200,000 Gross Margin...
-
Find the most general value of satisfying tan 0 = -3.
-
(i) Undercasting of the debit side of Bank column. 70 (ii) Cheques issued but not presented for payment till 01-01-2011. 1,450 (1,520) 2,179 Bank Balance as per Pass Book as on 1-1-2011. Different...
-
Determine the stiffness matrix K for the truss. Take A = 0.0015 m^2 and E = 200 GPa for each member. Please show the step-by-step solution. 5 410 9 3 5 7 7 8 A4 Tesol242 3 2 4 4 5 6 2 4 m 4 m 20 kN...
-
Probability Mr Pandazis Practice Questions for Test #1 Math 241 1. Define a sample space S for the following experiment. Toss a coin three times and record the outcome for each toss. 2. A card is...
-
Sketch the graph of the function. f (x, y) = x 2
-
For liquid water the isothermal compressibility is given by; where r and b are functions of temperature only. If 1 kg of water is compressed isothermally and reversibly from I to 500 bar at 60(C. how...
-
In your opinion, should nonprofit organizations spend their time and other resources helping for-profit organization increase their profits?
-
According to your author, what issues should nonprofit boards of directors consider when deciding to participate in a partnership with a for-profit organizations.
-
If you were a government official, would you prefer to contract with a small community-based nonprofit organization or with a for-profit company that might have greater resources?
-
The company sold merchandise to a customer on March 31, 2020, for $100,000. The customer paid with a promissory note that has a term of 18 months and an annual interest rate of 9%. The companys...
-
imer 2 0 2 4 Question 8 , PF 8 - 3 5 A ( similar to ) HW Score: 0 % , 0 of 1 0 0 points lework CH 8 Part 1 of 6 Points: 0 of 1 5 Save The comparative financial statements of Highland Cosmetic Supply...
-
An investor wants to purchase a zero coupon bond from Timberlake Industries today. The bond will mature in exactly 5.00 years with a redemption value of $1,000. The investor wants a 12.00% annual...
Study smarter with the SolutionInn App