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tigry1 [53]
2 years ago
11

Swinnerton Clothing Company's balance sheet showed total current assets of $2,250, all of which were required in operations. Its

current liabilities consisted of $575 of accounts payable, $300 of 6% short-term notes payable to the bank, and $145 of accrued wages and taxes. What was its net operating working capital that was financed by investors?
Business
2 answers:
nevsk [136]2 years ago
6 0

Answer: $1,530

Explanation:

It's net working capital that was financed by investors include the following figures,

Total current Assets.

Accounts Payables and Accrued wages need to be deducted because they came about as a result of operations and are neither of debt or equity financing so are considered free.

So, in calculating we have,

= 2,250 - 575 - 145

= $1,530

Swinnerton Clothing Company's net operating working capital that was financed by investors is $1,530

DanielleElmas [232]2 years ago
5 0

Answer:

$1,530

Explanation:

This can be calculated as follows:

Details                                                                             Amount ($)

Total current assets                                                              2,250

Accounts payable                                                                    (575)

Accrued wages and taxes                                                    <u>   (145)    </u>

Net operating working capital financed by investors     <u>  1,530    </u>

Therefore, Swinnerton Clothing Company's net operating working capital that was financed by investors is $1,530.

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John is an entrepreneur who plans to enter a franchise contract with a hotel business. which of these is an advantage that John
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Starlight Movies markets its DVDs and Blu-rays online. Recently, Starlight adopted a new program that offers their current custo
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Customer loyalty strategy

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In order to raise revenue in the city of Hamlet, the city considered assessing a local tax on food served in restaurants. When f
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2 years ago
The Press has total assets of $848,000 and total debt of $402,000 on a market value basis. There are 25,000 shares of stock outs
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Answer: $17.84

Explanation:

The following can be reduced.fromcthe question:

Total Assets = $848,000

Total Debt = $402,000

Total equity = Total asset - total debt

= $848,000 - 402,000

= $446,000

Outstanding Shares = 25,000

Value per shares:

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= $406,000 / 22,758

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7 0
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