How much net working capital does the firm have

Assignment Help Accounting Basics
Reference no: EM13523149

Wu Systems has the following balance sheet. How much net working capital does the firm have?

Cash

$ 100

Accounts payable

$ 200

Accounts receivable

650

Accruals

350

Inventory

550

Notes payable

350

Current assets

$1,300

Current liabilities

$900

Net Fixed assets

1,000

Long-term debt

600

Common equity

300



Retained earnings

500



Total assets

$2,300

Total liab. & equity

$2,300

a. $675

b. $750

c. $825

d. $908

e. $998

Reference no: EM13523149

Never used an accountant services

In the early part of 2015, the partners of Hugh, Jacobs, and Thomas sought assistance from a local accountant. They had begun a new business in 2014 but had never used an

What role does the accountant play during a restructuring

Explain the reasons for a company to settle their debt restructuring problems outside the U.S. Bankruptcy Court. What role does the accountant play during a restructuring?

The client refuses to provide that disclosure

Sign / submit a tax return that contains a tax position that is supportable by the available client provided information and has a realistic possibility of success? If so

How will absorption cost income differ from variable cost

Beginning inventory was 15,000 units and ending inventory was 10,000 units. The fixed manufacturing overhead was $8 per unit. How will absorption cost net income differ from v

Determine the interest payment for the bonds

Determine the interest payment for the bonds: 3 ½ percent coupon corporate bond (paid semi-annually), 4.25 percent coupon Treasury note, and a corporate zero coupon bond ma

How double taxation on a taxpayer

Show how double taxation on a taxpayer may result if all countries were to tax the worldwide income of their residents and the income earned within their territorial boundar

Capital expenditure of a foreign subsidiary

Discuss the circumstances under which the capital expenditure of a foreign subsidiary might have a positive NPV in local currency terms but be unprofitable from the parent f

Prepare schedules for expected collections

Prepare schedules for expected collections from customers and expected payments for direct materials purchases - prepare a cash budget for January and February in columnar for

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd