Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 05, 2023

1)What is the value of total assets? 2)What is the value of current liabilities? 3)Calculate the working capital? Debtors 62,000 Plant & Machinery 59,000 Bank

1)What is the value of total assets?

2)What is the value of current liabilities?

3)Calculate the working capital?

Debtors	£62,000
Plant & Machinery	£59,000
Bank overdraft	£21,000
Cash	£35,000
Motor Van	£58,000
Inventories	£11,000
Creditors	£45,000

Step by Step Solution

★★★★★

3.54 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

1 The Value of total assets are as follows Total Assets Cash Debtor Inventories Plant and Mach... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Gail Fayerman

1st Canadian Edition

9781118774113, 1118774116, 111803791X, 978-1118037911

More Books

Students also viewed these Accounting questions

Question

★★★★★

What is the value of the engineering software packages in? (a) Engineering education and (b) Engineering practice?

Answered: 1 week ago

Question

★★★★★

What is the value of the Clapeyron equation in thermodynamics?

Answered: 1 week ago

Question

★★★★★

What is the value of the constant A in Eq. (42.10) that makes (x, y, z) normalized?

Answered: 1 week ago

Question

★★★★★

The graph of f(x) = ax 2 + bx + c is shown in the figure. Solve each inequality. (a) f(x) Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Salinas Trailer Rental rents small trailers by the day for local moving jobs. Its adjusted trial balance at the end of the current fiscal year follows. Required 1. From the information given, record...

Answered: 1 week ago

Question

★★★★★

Why is the federal funds rate considered a good operating target? What are the dangers of relying on it?

Answered: 1 week ago

Question

★★★★★

In a time study conducted at a manufacturing plant, the length of time to complete a specified operation is measured for each of n = 40 workers. The mean and standard deviation are found to be 12.8...

Answered: 1 week ago

Question

★★★★★

Monte Rosa Corporation produces two products, Alpha8s and Zeta9s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials, X342 and Y561. The company...

Answered: 1 week ago

Question

★★★★★

TB MC Qu, 9-294 (Algo) Tharaldson Corporation makes... Tharaidton Corporation mahes a product wat the following standard costs: The compary reported the following results concerning this product in...

Answered: 1 week ago

Question

★★★★★

The following additional information is available for the Albert and Allison Gaytor family. The Gaytors own a rental beach house in Hawaii. The beach house was rented for the full year during 2018...

Answered: 1 week ago

Question

★★★★★

Problem 2 Lucy's One Service Clinic uses patients served asits measure of activity (q). The following report compares theplanning budget to the actual operating results for the month ofJune: Lucy's 0...

Answered: 1 week ago

Question

★★★★★

Differentiate tan(7x+9x-2.5)

Answered: 1 week ago

Question

★★★★★

Explain the sources of recruitment.

Answered: 1 week ago

Question

★★★★★

Differentiate sin(5x+2)

Answered: 1 week ago

Question

★★★★★

Compute the derivative f(x)=1/ax+bx

Answered: 1 week ago

Question

★★★★★

What is the meaning of strategic management and what are their objectives and advantages of strategic management?

Answered: 1 week ago

Question

★★★★★

Fryers Choice produces a specially blended vegetable oil widely used in restaurant deep fryers. The blending process creates a cooking oil that can be heated to a high temperature, but does not smoke...

Answered: 1 week ago

Question

★★★★★

How does health insurance risk differ from other types of insurance risk (e.g., automobile or homeowners insurance)? What is the difference between cost sharing and cost shifting? Is retiree health...

Answered: 1 week ago

Question

★★★★★

The Amity Community Centre (ACC) has decided that it will proceed with a capital campaign this year. The building that it uses is in dire need of major repair and the board of directors feels that...

Answered: 1 week ago

Question

★★★★★

Aquatic Biotechnology Inc. (ABI) is a medium-sized, public company operating an aquaculture business in eastern Canada. The company has been in operation since the mid-1990s, and during the latter...

Answered: 1 week ago

Question

★★★★★

Discuss the relative merits of accounting for investments at cost, at fair value, and using the equity method.

Answered: 1 week ago

Question

★★★★★

The results of Fortune Personnel Consultants survey of 405 workers was reported in USA Today. One of the questions in the survey asked, Do you feel its OK for your company to monitor your Internet...

Answered: 1 week ago

Question

★★★★★

In a survey, respondents were asked to indicate their favorite brand of cereal (Post or Kelloggs). They were allowed only one choice. What is the probability concept that implies it is not possible...

Answered: 1 week ago

Question

★★★★★

Prince Windows, Inc. makes high-quality windows for the residential home market. Recently, three marketing managers were asked to assess the probability that sales for next year will be more than 15%...

Answered: 1 week ago

Previous Question Next Question