Working Capital = Current Assets - Current liabilities
Current Assets = Cash + A/R + Inventory = $10,000 + $20,000 + $10,000 = $40,000
Current Liability = Notes Payable = $10,000
Working Capital = $40,000 - $10,000
Working Capital = $30,000
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JAN E | 21 | AaBbcc AaBbc AaBbcc AaBbCd AaBbce. A Emphasis Heading 1 Strong Subtitle I Paragraph Styles 15) Calculate the breakeven point give the following cost structure. Be sure to properly label your answer and watch your decimals: Fixed expenses = $4,000,000 Variable expenses (CGS) = .60 BES = FC (in $s) + VC (in decimal form of CGS)
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16) Calculate the working capital amount given the following data: Be sure to properly label your answer. Show all work. Cash $10,000 A/R 20,000 Inventory 10,000 PPE (LTA) 50,000 Notes Payable (CL) 10,000 Mortgage Payable (LTL) 40,000 Retained Earnings 40,000 Rent expense 1,000 Car expense 500 Shipping expense 100 * LTL = long term liability, CL = current liability, LTA= Long term asset 17) Calculate the current ratio using the data in problem 16. Be sure to properly label your...
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View View H elp Search - A E E2U A-D-A-3333 18. - AaBbCct AaBbCd AaBbcc AaBbc AaBbc 1 Heading 1 1 Normal Subtitle 1 Title Heading 2 Paragraph Styles WRITING ASSIGNMENT: PART 1 Briefly explain each of the following: a. Factors that determine the size of wind-generated waves b. Longshore current c. Storm surges and seiches
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