Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 22, 2024

5. A company with working capital of $500,000 and a current ratio of 2.5 pays a $85,000 short-term liability, The amount of working capital immediately

5. A company with working capital of $500,000 and a current ratio of 2.5 pays a $85,000 short-term liability, The amount of working capital immediately after payment is a. $585,000 b. $415,000 c. $500,000 d SR5.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Creative And Innovative Auditing

Authors: Jeffrey Ridley

1st Edition

1472474627, 9781472474629

More Books

Students also viewed these Accounting questions

Question

★★★★★

If an atom has 100 electrons, 157 neutrons, and 100 protons, what is its approximate atomic mass? What is the name of this element?

Answered: 1 week ago

Question

★★★★★

Consider the unconstrained optimization problem where are given. The goal of this exercise is to determine the optimal value p and the set of optimal solutions, ,in terms of c and the eigenvalues and...

Answered: 1 week ago

Question

★★★★★

67. There is no nice formula for the standard normal cdf (z), but several good approximations have been published in articles. The following is from Approximations for Hand Calculators Using Small...

Answered: 1 week ago

Question

★★★★★

Orbital Communications has operating plants in over 100 countries. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 150,000 kronas in Norway worth...

Answered: 1 week ago

Question

★★★★★

For the year ended December 31, 2022, the job cost sheets of Sunland Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640...

Answered: 1 week ago

Question

★★★★★

Exercise 2-23 (Static) Special journals [Appendix 2C] A company's accounting system consists of a general journal, a cash receipts journal, a cash disbursements journal, a sales journal, and a...

Answered: 1 week ago

Question

★★★★★

Prove that the more inelastic demand and supply conditions are in a foreign country, the greater the ability of a country that is large in world markets to impose an optimal tariff. Use this result...

Answered: 1 week ago

Question

★★★★★

For the circuit shown in Figure P32.38, what must the frequency $f$ of the $\mathrm{AC}$ source be in order for the amplitude $V_{C}$ of the potential difference across the capacitor to equal...

Answered: 1 week ago

Question

★★★★★

Compute the point estimates b0 and b1. Exercises 610 refer to the following data set: x 25 13 16 19 29 19 16 30 y 40 20 33 30 50 37 34 37

Answered: 1 week ago

Question

★★★★★

Suppose a distributor faces an annual demand for a car horn for small cars that is normally distributed with a mean of 2300 items and a standard deviation of 300. The cost of placing an order is $150...

Answered: 1 week ago

Question

★★★★★

Air flows with negligible friction through a $10-\mathrm{cm}$-diameter duct at a rate of $2.3 \mathrm{~kg} / \mathrm{s}$. The temperature and pressure at the inlet are $T_{1}=450 \mathrm{~K}$...

Answered: 1 week ago

Question

★★★★★

Explain the potential advantages of e-learning for training. page 303

Answered: 1 week ago

Question

★★★★★

Choose appropriate evaluation design and training outcomes based on the training objectives and evaluation purpose. page 310

Answered: 1 week ago

Question

★★★★★

Design a training session to maximize learning. page 309

Answered: 1 week ago

Previous Question Next Question