Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Based on the above data, what is the amount of working capital?
A) $238,000
B) $138,000
C) $178,000
D) $64,000
B
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______ and ______ are similar because they both are used consciously and deliberately.
Fill in the blank(s) with the appropriate word(s).
You are planning to buy a new house. You currently have $35,000 and your bank told you that you would need a 15% down payment plus an additional 4% in closing costs. If the house that you want to buy costs $250,000 and you can make a 7% annual return on your investment, determine the following:
a) When will you have enough money for the down payment and closing costs, assuming that the $15,000 is the only investment that you make? b) You decide that you want to buy the house in 3 years. How much do you need to save every month to achieve your goal? c) Assume that three years later the house still has the same price and that you can get a 15-year mortgage from your bank at a fixed rate of 4.5%: 1. What are the monthly payments on the loan? 2. How much will you have to pay the bank each year? 3. What is the total interest over the term of the loan? 4. How much do you pay on interest and principal the first monthly payment? 5. How much in the 50th month? (Hint: use the IPMT and PPMT functions)
Within the relevant range, fixed and variable costs are fairly predictable
Indicate whether the statement is true or false
Panther Company does not want to bear the risk that interest rates may increase in year two of the loan. Aegean Company believes that rates may decrease and they would prefer to have variable debt. So the two companies enter into an interest rate swap agreement whereby Aegean agrees to make Panther's interest payment in 2015 and Panther likewise agrees to make Aegean's interest payment in 2015
The two companies agree to make settlement payments, for the difference only, on December 31 . 2015 . If the interest rate on January 1 . 2015, is 1 . percent, what will be Panther's settlement payment to/from Aegean? a. $6,000 payment b. $6,000 receipt c. $12,000 payment d. $12,000 receipt