The firm's initial net working capital is ________. (See Table Below)
The company earns 5 percent on current assets and 15 percent on fixed assets. The firm's current liabilities cost 7 percent to maintain and the average annual cost of long-term funds is 20 percent.
A) $15,000
B) $13,000
C) $5,000
D) $10,000
C) $5,000
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Which of the following is true concerning goodwill?
A. Goodwill is recorded when a company is purchased for more than the fair value of its identifiable net assets. B. Goodwill is recorded when the market value of a company exceeds the fair value of its identifiable net assets. C. Goodwill is recorded as a revenue in the income statement. D. Goodwill can never be recorded.
Which of the following is NOT a public relations activity?
A) speech writing B) advice and counsel to management C) creative strategy D) sponsorships E) investor relations
The current ratio is calculated as ________
a. quick assets / current liabilities b. current liabilities / current assets c. current assets / current liabilities d. current assets ? current liabilities
If Partner A invested twice as much as Partner B, and there are only two partners, the income must be divided in a ratio of 2:1, respectively
Indicate whether the statement is true or false