User Account

All Pages

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

  Percentage of completion method

Recognition of Profit and Balance Sheet Amounts for Long-Term Contracts Yanmei Construction Company began operations January 1, 2010. During the year, Yanmei Construction entered into a contract with Lundquist Corp. to construct a manufacturing facil..

  Calculate the actual direct labor-hours worked

During November, $153,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate.

  Three dry holes were drilled on surrounding leases

Three dry holes were drilled on surrounding leases

  Effect of exceeding or falling short of production targets

Evaluating Production Using the Production-Volume Variance The sales-volume variance highlights the effect on income of sales exceeding or falling short of sale

  Prepare the journal entry to record the issuance of bonds

Baer Company issued $400,000 of 5-year, 8% bonds at 97 on January 1, 2012. Prepare the journal entry to record the issuance of the bonds

  What are the total budgeted cost for each activity

What are the total budgeted cost for each activity and the total budgeted indirect cost for March 2018?

  Compute the present value enter rounded answers as directed

For each of the following, compute the present value (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places.

  What are terms for repayment from the funds to general fund

What are the terms for repayment from the funds to the General Fund? What happens if the fund is unable to pay back? I need at least 100 words please.

  What is the difference between a value chain

What is the difference between a value chain and a supply chain?

  What is its debt to capital ratio

Bartley Barstools has a market/book ratio equal to 3.7. Its stock price is $41 per share and it has 10 million shares outstanding. The firm's total capital is $615 million and it finances with only debt and common equity. What is its debt-to-capital ..

  Amount debited to the asset account

At the time the machine was purchased, the market rate of interest was 10%. The amount that should be debited to the asset account, Machinery, on the date of purchase is (round to the nearest dollar)

  Discuss stocks for investment consist of equity securities

The stocks for investment consist of equity securities of other corporations

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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