How much is the temporary current assets needed during the fourth quarter? Bulldogs Inc. has a total fixed asset of 555,000.Q1Q2Q3Q4CashP 8,000 11,200 12,000 12,000Accounts Receivable6,0006,8008,0009,000Inventories4,600 4,0005,0005,300

Permanent current Asset The firms need to carry a minimum level of current asset at all the times.…

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Accounting

How much is the temporary current assets needed during the fourth quarter?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Income Statement

Income Statement also commonly called a profit and loss statement, one of the key financial statements (considered together with balance sheet and cash flow statement) which shows the revenues and expenses, as well as the gains and losses of a company for a given period. In other words, it presents the financial performance/profitability of a business over a specified accounting period.

Question

How much is the temporary current assets needed during the fourth quarter?

Bulldogs Inc. has a total fixed asset of 555,000.
Q1
Q2
Q3
Q4
Cash
P 8,000 11,200 12,000 12,000
Accounts Receivable
6,000
6,800
8,000
9,000
Inventories
4,600 4,000
5,000
5,300

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