What was the change in net working capital during last year

Assignment Help Accounting Basics
Reference no: EM132049688

Question - You are given the following information for last year for Four Corners, Inc. (FCI).

Sales $200,000

Increase in net fixed assets $15,000

SG&A Expenses $15,000

Cost of goods sold $90,000

Interest expense $9,000

Depreciation expense $8,000

Taxes $20,000

New equity raised $8,000

Net increase (or decrease) in long-term debt ($2,500)

Dividends $15,000

What was the change in net working capital during last year?

A. $ 42,500

B. $ 24,500

C. $ 29,100

D. $ 38,100

E. $ 33,500

F. $ 47,100

Reference no: EM132049688

Questions Cloud

What led the culture to consider the stereotype acceptable : Discuss the stereotype, the audience that this ad or piece of pop culture is designed to attract, and what led the culture to consider the stereotype acceptable
Determine the flows from the two columns : Determine the flows from the two columns and the mol % 'A' in bottom product from column 2.
What is the expected value of the company equity : What is the expected value of the company’s debt? What is the expected value of the company’s equity?
What would the resulting volume be if the pressure : What would the resulting volume be if the pressure were increased to 3.9 and temperature did not change?
What was the change in net working capital during last year : You are given the following information for last year for Four Corners, Inc. (FCI). What was the change in net working capital during last year
Calculate the percent of the acid that has undergone : Acetic acid is a weak acid that ionizes in solution .If the freezing point of a 0.105 m CH 3 C OOH is -0.204°C, calculate the percent of the acid.
Probability of stable currency value and good economy : What is the probability of stable currency value, good economy, and increased tax rate? Enter answer in percents.
Dilution effects would you expect a precipitate to form : Ignoring dilution effects would you expect a precipitate to form? What should Pb 2+ be to just start precipitation?
Primary standard for the standardization of base solutions : Oxalic acid dihydrate, H2C2O4.2H2O, is often used as a primary standard for the standardization of base solutions.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Financial statements directly from an adjusted trial balance

Why is it possible to prepare financial statements directly from an adjusted trial balance?

  A company established a direct material standard of 2

a company established a direct material standard of 2 pounds of material at a cost of 6 per pound for unit produced.

  Maddon company estimated that its inventory purchases for

maddon company estimated that its inventory purchases for january and february 2010 would be 300000 and 370000

  Compute the net amount of taxes paid

Applying the carryback provisions in the tax law, compute the net amount of taxes paid (amounts paid less refunds) for the ten-year period ending December 31

  What is the basic rule for recognizing property tax

What is the basic rule for recognizing property tax revenues in governmental type funds?

  What is the unit product cost

Assume that Wilson company produces a single product that has a per unit cost of $363 for direct materials and $44 directlabor.

  Summarize the findings of your own independent research

For this Discussion, you will research the minimum wage laws. Your response should summarize the findings of your own independent research.

  Show balance sheet presentation for the bonds at december

Saberhagen Company sold $3,700,000, 10%, 10-year bonds on January 1, 2017. Show balance sheet presentation for the bonds at December 31, 2017

  Journal entry preparation on january 1 of the current year

journal entry preparation on january 1 of the current year muniserv began operations with 100000 cash. the cash was

  Accounting information systems questions

What important information, related to the accounting equation, is captured by accounting information systems? How does this information get translated to the financial statements? Is it necessary for the accounting information systems to record d..

  Reporting investment using the equity method

At the end of the year, Watkins still holds only $20,000 of mechandise. What ammount of unrealized gross profit must Panner defer in reporting this investment using the equity method?

  Calculate the equal annual installments

1. Thomas Petry owes a debt of $7,000 from the purchase of a boat. The debt bears interest of 12% payable annually. Petry will pay the debt and interest in five annual installments beginning in one year. Calculate the equal annual installments th..

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