Eagle's Nest sold equipment for $4,000 cash. This resulted in a $1,500 loss. What is the impact of this sale on the working capital?
a. Reduces working capital
b. Increases working capital
c. Has no effect on working capital
d. The increases offset the decrease.
b
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Answer the following statements true (T) or false (F)
The Trueblood Study Group formed the FASB and called for significant changes in the establishment of financial accounting standards.
In the 1950s and 1960s, psychologists examining groups primarily focused on studying ____.
a. Group dynamics b. Encounter groups c. Conformity and helping behavior d. Self-awareness e. Education
A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The operating income expected if the company produces and sells 16,000 units is:
A. $35,000. B. $24,000. C. $14,000. D. $18,667. E. $2,667.
Retailers that add goods and services that may be unrelated to each other and to the firm's original business are looking to increase their ________ of assortment.
Fill in the blank(s) with the appropriate word(s).