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Crank
2 years ago
6

Grey Wolf, Inc has current assets of $2,090 net fixed assets of $9,830 current liabilities of $1710 and long-termdebt of $4520.

What is the value of the shareholders' equity account for this firm? how much is net working capital?
Business
1 answer:
s2008m [1.1K]2 years ago
8 0

Answer:

(a) $5,690

(b) $380

Explanation:

Given that,

current assets = $2,090

Net fixed assets = $9,830

Current liabilities = $1710

Long-term debt = $4520

Total assets:

= Current assets + Net fixed assets

= $2,090 + $9,830

= $11,920

Total Liabilities:

= Current Liabilities + Long-term Debt

= $1710 + $4520

= $6,230

(a) Total assets = Total liabilities + Stockholder's equity

$11,920 = $6,230 + Stockholder's equity

$11,920 - $6,230 = Stockholder's equity

$5,690 = Stockholder's equity

(b) Net working capital:

= Current assets - Current liabilities

= $2,090 - $1,710

= $380

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Savannah Factory applies manufacturing overhead based on direct labor cost. Information concerning manufacturing overhead and la
vfiekz [6]

Answer:

$179,950

Explanation:

For determining the overhead applied first we have to find the predetermined overhead rate based on the estimated cost which is shown below:

Predetermined overhead rate is

= Estimated overhead cost ÷ estimated direct labor cost

= $174,000  ÷ $87,000

= $2

Now the applied overhead is

= Predetermined overhead rate × actual direct labor cost

= $2 × $89,975

= $179,950

We simply applied the above formula so that the overhead applied could come

6 0
2 years ago
Lisa is choosing between three alternatives: a) working at her job that pays 60 dollars; b) writing a term paper which she value
choli [55]

Answer: $80

Explanation:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

The opportunity cost of writing a term paper is $80 that she values by going out with a friend and it is the higher cost alternative.

5 0
2 years ago
The following items appeared in the year-end trial balance for the Brown Coffee Company: Debits Credits Revenues $ 600,000 Oper
alexgriva [62]

Answer:

What amount should be reported in the company's income statement as income from continuing operations?

$54000

Explanation:

revenue                           600000

Operating expenses  -420000

Interest expense           -20000

gain on sale of investments 30000

restructuirng cost              -100000

Income                                90000

Tax rate                                   40%

tax expense                     36000

Net income                 54000

6 0
2 years ago
Read 2 more answers
A great way to avoid tech distraction is to ______.
Licemer1 [7]

A great way to avoid tech distraction is to "use hands-free devices".

<u>Option: D</u>

<u>Explanation:</u>

Tech distraction can be for any age group people, it is basically the divergence raised due to usage of technologies like mobile, laptops, tablets for communication or other purpose, during other daily routine like in classroom for students, during driving, conferences or other important task. Thus to avoid such kind of distractions especially while driving the hand free devices are supportive, for an instance while driving inspite of picking up call in mobile people use Bluetooth to mange both is emergency, because if call picked up by bringing cell phone to the ears, mean while some texts get received and obviously a driver get distracted.  

7 0
2 years ago
Assume that South Korea exported goods worth about $17 billion and imported goods worth about $9 billion in a year. What was the
Gelneren [198K]
Trade surplus = export - import

17 - 9 billion

The trade surplus is $8 billion

Hope this helps!
6 0
2 years ago
Read 2 more answers
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