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1 year ago

Define working capital. How is working capital computed?

1 answer:

8 0

Working capital is calculated by subtracting current liabilities from current assets shown on a company's balance sheet. Current assets include cash, accounts receivable and inventories. Current liabilities include accounts payable, taxes, wages and accrued interest.

Working capital is calculated by subtracting current assets from a company's current liabilities. For example, if a company has current assets of $100,000 and current liabilities of $80,000, its working capital is $20,000.

To calculate the working capital requirement, the following formula can be used: Working Capital (WC) = Current Assets (CA) – Current Assets (CL).

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If a johnny rocket's burgers has 11,500 burgers in inventory on hand and they sell 1,000 units a day, how many days of inventory

riadik2000 [5.3K]

11.5 days, assuming none of the burgers expire before then.

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2 years ago

The new-product process stage of market testing involves which two items? Multiple select question. using realistic purchase con

larisa [96]

The new-product process stage of market testing involves two items -

Using realistic purchase conditions to see if consumers will buy
Exposing actual products to prospective consumers

To find out how well a product, service, or offering will perform, one can conduct market research.

It often consists of research studies that seek to provide answers to concerns about how the market will respond to the introduction of the product.
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How many steps are in the new product development process multiple choice question?

The process of bringing a brand-new product idea to market is known as new product development (NPD).
It can be roughly divided into seven stages: ideation, research, planning, prototype, sourcing, costing, and commercialization, though it varies by industry.

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4 0

1 year ago

On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal year

Anarel [89]

Answer:

July 1,2020

Dr Cash $ 14,400

Cr Unearned Service Revenue $ 14,400

December 31,2020

Dr Unearned Service Revenue $ 2,400

Cr Service Revenue $ 2,400

Explanation:

Preparation of the journal entry for July 1 and the adjusting entry on December 31 for Kalter Insurance Co

Based on the information given the journal entry for July 1 will be :

July 1,2020

Dr Cash $ 14,400

Cr Unearned Service Revenue $ 14,400

(Being to record Unearned Service Revenue )

Based on the information given the Journal entry for December 31,2020 will be :

December 31,2020

Dr Unearned Service Revenue $ 2,400

Cr Service Revenue $ 2,400

[ ( $14,400 / 36 Months) * 6 ]

(Being to record Service revenue earned)

Note that 3 years will give us 36 months (12month*3) and July 1,2020 to December 31 will give us 6 months.

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1 year ago

Sheffield Corp. is starting business and is unsure of whether to sell its product assembled or unassembled. The unit cost of the

son4ous [18]

Answer:

The correct decision would be to process further before product is sold

Explanation:

Profit if the product is sold un-assembled

Selling price $135

cost of un-assembled product ($60)

Profit on un-assembled product $75

Profit if the product is further assembled before sale

Selling price $170

Cost of un-assembled product ($60)

Cost of assembling product ($25)

Profit if the product is assembled $85

The profit increased by $10 if the product is further assembled before it is sold.

Hence the best course of action would be to further assemble the product before it is sold

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2 years ago

Trevor Guerney is a manager who believes that those who are to be affected by a change must be involved in the change. Consequen

ollegr [7]

Answer:

Explanation:

Trevor's team has positive leader-member relations

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2 years ago