Use the following data to determine the total amount of working capital from the Banner Auto Supplies Balance Sheet for December 31, 2020:

Cash $70,000
Accounts payable $130,000
Accounts receivable 100,000
Salaries and wages payable 20,000
Inventory 140,000
Mortgage payable 180,000
Prepaid insurance 80,000
Total liabilities $330,000
Stock investments 180,000
Land 190,000
Buildings $230,000
Common stock $240,000
Accumulated depreciation (60,000)
Retained earnings 500,000
Total stockholders' equity $740,000
Trademarks 140,000
Total assets $1,070,000
Total liabilities and stockholders' equity $1,070,000

a. 260,000
b. 240,000
c. 160,000
d. 420,000

Question

08-03-2021
Business

Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Use the following data to determine the total amount of working capital from the Banner Auto Supplies Balance Sheet for December 31, 2020:

Cash $70,000
Accounts payable $130,000
Accounts receivable 100,000
Salaries and wages payable 20,000
Inventory 140,000
Mortgage payable 180,000
Prepaid insurance 80,000
Total liabilities $330,000
Stock investments 180,000
Land 190,000
Buildings $230,000
Common stock $240,000
Accumulated depreciation (60,000)
Retained earnings 500,000
Total stockholders' equity $740,000
Trademarks 140,000
Total assets $1,070,000
Total liabilities and stockholders' equity $1,070,000

a. 260,000
b. 240,000
c. 160,000
d. 420,000

Sagot :

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.

How to tell which is inequality on a graph

What does the study of Political Economy primarily focus on?a. The analysis of government fiscal and monetary policies.b. The study of how societies allocate sc

choose a newspaper article from a reliable source (newspaper or e-paper) and read it. write down 20 vocabulary words you learned from the article. look for thei

ListenRead the excerpt from "Natural Beauty at Risk."When most of us think of National Parks, we think of open spaces and healthy, abundant vegetation. We think

A company reports the following amounts at the end of the year; before any year- end adjusting entries have been made. Management estimates 5% of their account

In a multi dimensional analytical operation, analyzing a smaller version of a cube is called__

Why is the idea of climate change controversial?Not everyone agrees on its causes or its possible solutions.Clean power has almost completely replaced the use o

A nurse practitioner diagnoses a patient with uncomplicated gonorrhea. Which antibiotic is the most effective treatment? A. Ciprofloxacin PO BID B. Podofilox 0.

Supply chain management is a superset of logistics management. a.trueb.false

A nurse is teaching a group of older adult clients about medication safety. Which of the following client statements indicates an understanding of the teaching?