ratio of 3 pays a $138,000 short terms liability. the amount of working capital immediately after payment is ~ a. $1,1018,000 b.$880,000 c.$138,000 d.$742,000
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- Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels current ratio? a. 3 c. 1 b. 2 d. 0.5A company with working capital of $720,000 and a current ratio of 2.2 pays a $125,000 short-term liability. The amount of working capital immediately after payment is a.$125,000 b.$720,000 c.$845,000 d.$595,000A company with working capital of $500,000 and a current ratio of 2:1 pays a $100,000 short-term liability. The amount of working capital immediately after payment is? The current ratio immediately after the payment is?
- At the end of the first month of operations for FDNACCT, the business had earned P140,500 of revenues and incurred P71,500 of expenses. It also showed the following: Liabilities: P25,000 Assets: P118,000 How much is the owner’s initial investment?The current ratio of Company X is 3.0 times. Company X has working capital of $20,000. Total Current Assets for Company X are: $6,667 $10,000 $30,000 $60,0001)The owner’s capital is P200,000. The total liability is P80,000 of which P60,000 is current liability. The non-current asset is P100,000. The working capital, therefore, is: a. P200,000 b. P180,000 c. P120,000 d. P100,000 2) Servicing business using non-conventional reporting of income has P600,000 service revenue. The cost of service is 80% of service revenue and the operating expenses is 25% of gross income. What is the operating income? a. P 90,000 b. P 96,000 c. P100,000 d. P100,800
- The current ratio of Company X is 3.0. Company X has working capital of $20,000. Total current assets for Company X are: A. $6,667 B. $10,000 C. $30,000 D. $60,000'4 Bird Company incurred $10,000 in salaries and wages for employees for the year; $9,000 of these salaries and wages had been paid by the end of the year. Which of the following statements about this situation is correct? Multiple Choice Salaries and Wages Payable on the income statement will be $9,000. Salaries and Wages Expense on the income statement will be $1,000. Salaries and Wages Expense on the balance sheet will be $10,000. Salaries and Wages Payable on the balance sheet will be $1,000.on december 31, crane company had $1 million of current assents and $850000 of current liabilities. on the same day, pronghorn company had $330000 of current assets and $180000 of current liabilities. Calculate the working capital and current ratio for both companies.
- Osprey Company has working capital in the amount of $1,300,000. For each of the following transactions, determine whether working capital will increase, decrease, or remain the same. (1) Paid accounts payable in the amount of $64,000. (2) Borrowed $250,000 from a local bank, to be repaid in 90 days.FDNACCT has beginning balance of owner’s equity of 183,000. This increased to P500,000 at year-end. Owner’s additional investment and withdrawal were P60,000 and P90,000, respectively. Total costs and expenses during the year amounted to P262,000. How much was total revenues earned during the period?During the current year, Delaware Company reported total operating expenses of P3,200,000, consisting of P1,000,000 depreciation, P700,000 insurance and P1,500,000 salaries. The prepaid insurance P150,000 on January 1 and P200,000 on December 31. The accrued salaries payable totaled P220,000 on January 1 and P200,000 on December 31. What total amount was paid for operating expenses? P2,270,000 P3,270,000 P2,230,000 P2,130,000