FREE Trial S
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The 2017 balance sheet of Dream, Inc., showed current assets of $3,135 and current liabilities of $1,545. The 2018 balance sheet showed current assets of

image text in transcribed

The 2017 balance sheet of Dream, Inc., showed current assets of $3,135 and current liabilities of $1,545. The 2018 balance sheet showed current assets of $3,100 and current liabilities of $1,545. What was the company's 2018 change in net working capital, or NWC? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Change in NWC

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

Tips For The New Auditor

Tips For The New Auditor

Authors: Marty Sturino

1st Edition

ISBN: 1733097813, 978-1733097819

More Books

Students also viewed these Accounting questions

Question

★★★★★
In this chapter, we discussed the major sources of an auditor's legal liability as well as the five defences that auditors can use when faced with a lawsuit. Now, it's time for you to find out how...

Answered: 1 week ago

Question

★★★★★
391 Design two interface circuits in Figure P391 so that the power delivered to the load is 100 mW. In one case use a series interface resistor, and in the second case use a parallel resistor to...

Answered: 1 week ago

Question

★★★★★
What are the recent developments in the disclosure requirements under IFRS pursuant to IFRS 7, becoming effective from January 1, 2007?

Answered: 1 week ago

Question

★★★★★
The pendulum consists of two slender rods AB and OC which have a mass density r. The thin plate has a mass density p. Determine the location yc of the center of mass G of the pendulum then calculate...

Answered: 1 week ago

Question

★★★★★
On April 1, 2017, Ayayai Company sold 23,400 of its 11%,15-year, $1,000 face value bonds at 96. Interest payment dates are April 1 and October 1 , and the company uses the straight-line method of...

Answered: 1 week ago

Question

★★★★★
What is the distinction between recourse-based and non-recourse based lending? What role did non-recourse lending play in the Subprime Mortgage Crisis?

Answered: 1 week ago

Question

★★★★★
A gas sample occupies a volume 5 ft3 a pressure of 30 psi and a temperature of 70F. What will be its volume if the pressure decreases to 15 psi and the temperature remains at 70F? Give answer to 2...

Answered: 1 week ago

Question

★★★★★
You are a consultant who's been asked to install a new server for a small business. Before you begin the installation process, make a checklist of information you should obtain before beginning the...

Answered: 1 week ago

Question

★★★★★
What can I improve with this policy? The objectives of this policy are to: achieve a safe workplace with zero harm to the environment; ensure a permanent Environment, Health and Safety (EHS) presence...

Answered: 1 week ago

Question

★★★★★
A machine with a cost of $64,008 has an estimated residual value of $4,747 and an estimated life of 6 years or 18,419 hours. It is to be depreciated by the units-of-activity method. What is the...

Answered: 1 week ago

Question

★★★★★
As we discussed in Module 2, the OWASP Foundation has developed a vulnerable web application called WebGoat that demonstrates common web application flaws and allows students to gain experience in...

Answered: 1 week ago

Question

★★★★★
10-8 The mobile platform may not make desktop PCs obsolete, but corporations will have to change their business models to adjust to this shift. Do you agree? Why or why not?

Answered: 1 week ago

Question

★★★★★
10-12 Pick one e-commerce company on the Internetfor example, Ashford, Buy.com, Yahoo, or Priceline. Study the Web pages that describe the company and explain its purpose and structure. Use the Web...

Answered: 1 week ago

Question

★★★★★
4. What role does Orbitz for Business play in the companys business strategy? When it comes to mobile apps and gauging their impact on consumers and business, the online travel industry and its...

Answered: 1 week ago

Previous QuestionNext Question