Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 07, 2024

Calculate Working Capital Assets Amount Liabilities Amount Cash 60000 Account Payable 30000 Marketable Securities 10000 Accrued Expenses 20000 Account Receivable 40000 Notes Payable 5000 Inventory

Calculate Working Capital

Assets Amount Liabilities Amount

Cash 60000 Account Payable 30000 Marketable Securities 10000 Accrued Expenses 20000 Account Receivable 40000 Notes Payable 5000 Inventory 50000 Current Portion of long term debt 10000 CAR 25000 Long term Loan 50000

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

Montgomery Auditing Continuing Professional Education

Authors: Patrick J. McDonnell, Barry N. Winograd, James S. Gerson, Henry R. Jaenicke, Vincent M. O'Reilly

12th Edition

0471346055, 978-0471346050

More Books

Students also viewed these Accounting questions

Question

★★★★★

At what Mach number will the normal shock occur in the nozzle of Problem 16.17 if the back pressure is 1.4 MPa? (Trial and error on Mx) Relate the inlet and exit conditions to the shock conditions...

Answered: 1 week ago

Question

★★★★★

Which of the following is true? a. A base class usually has more fields than its descendent. b. A child class can also be a parent class. c. A classs ancestors consist of its entire list of children....

Answered: 1 week ago

Question

★★★★★

=+The infimum in (15.10), like the supremum in (15.9), extends over all finite partitions (A) of 2 into F-sets.

Answered: 1 week ago

Question

★★★★★

The following data were accumulated for use in reconciling the bank account of Commander Co. for March: a. Cash balance according to the companys records at March 31, $13,065. b. Cash balance...

Answered: 1 week ago

Question

★★★★★

1 . a . Explain why you would be more or less willing to buy a share of Microsoft stock in the following situations: 1 . Your wealth falls. 2 . You expect the stock to appreciate in value. 3 . The...

Answered: 1 week ago

Question

★★★★★

(question)->give a report on Australian company and its internal control and governance systems. You can select any Australian Securities Exchange (ASX) listed Australian company. Access the...

Answered: 1 week ago

Question

★★★★★

A newly formed task force to determine how many nurses are needed on each shift meets each week. The task force performance depends on the sum of individual performance, known as [ Select ] ....

Answered: 1 week ago

Question

★★★★★

Consider a game in which two students simultaneously choose effort levels span style="font-family: CambriaMath;font-size:8pt;color:rgb(0,0,0);font-style:normal;font-variant:normal;">, span...

Answered: 1 week ago

Question

★★★★★

You own a fast food business that only serves burgers, fries, and soft drinks. Part 1: Create a process flow chart for the order process from the time the customer approaches the counter to the time...

Answered: 1 week ago

Question

★★★★★

A politician develops legislation to increase economic equity. Their opponent refutes the legislation, saying, "He is a billionaire, so how can his policy be legitimate?" What kind of misdirection...

Answered: 1 week ago

Question

★★★★★

Please read the article in the link below and answer the questions. https://kdvr.com/news/macys-typo-leads-to-1500-necklace-being-sold-for-47/ Macy's typo leads to $1,500 necklace being sold for $47...

Answered: 1 week ago

Question

★★★★★

4. In small groups in your class, discuss how popular culture and films portray interpersonal relationships, considering specifically relationship stages. Discuss communication techniques that the...

Answered: 1 week ago

Question

★★★★★

1. List one family relationship, one friendship, and one romantic relationship in which you are or have been involved. For each of these relationships, list at least five self-disclosures you made to...

Answered: 1 week ago

Question

★★★★★

B In light of the information you have gleaned from this chapter, how would you prepare to have a conversation about repairing the relationship no matter which decision you make? What repair tactics...

Answered: 1 week ago

Previous Question Next Question