The merger between lutite and castelle is an example of a geographic extension.
Geographic extension is a type of internal growth strategy when a business owner just expands their firm from their current location to new geographical locations. Retail environments tend to see the most of this kind of expansion.
A small business that operates a profitable retail store in one location, for instance, might grow by building a second location in a nearby neighborhood. The companies Gap Inc., Walgreens, and Chipotle are examples of those that have expanded geographically. Of course, the most well-known example of phenomenally successful growth through geographic expansion is McDonald's, which today has over 31,300 outlets globally.
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What are the spending categories?
Every Workday Procurement transaction must contain a spend category as a necessary component. Spend categories combine commodity codes—used to specify the kind of product or service being purchased—with object codes.
Every Workday Procurement transaction must contain a spend category as a necessary component. Spend categories are a combination of commodity codes from the Legacy system, which specify the kind of thing or service being purchased, and object codes. Some workday spending categories may be considered trackable while others are not. Except for firearms, livestock/animals, and bulletproof vests, which are tracked at any value and marked as an LSU asset, products having a total acquisition cost of $1,000 or more should be included in a tracked spend category.
Building a comprehensive picture of the overall cost on commodities across the LSU system is the aim of the procurement spend categories. Accurate reporting on commodity expenditures increase the possibility of larger discounts and new contracts, which is advantageous for the university. Initial reports have shown that some end users are choosing the spend category based on the hierarchy of spend categories and/or the project they are utilizing the items for rather than the individual item within the hierarchy.
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mini blenders inc. has come up with a unit selling price of $10.00. their fixed costs are $15,000 for the year, during which 20,000 units are expected to be sold. a 20% profit margin on sales is included in the selling price. what is mbi's % profit on cost?
MBI's % profit on cost is $6.00.
MBI's unit variable cost is $6 per unit.
Unit Total Cost, using F1=10*(120%) =$8.00. UFC=$20,000/10,000=$2.00.
Therefore, UVC=$8-$2=$6.00
The profit margin is calculated with the selling price (or sales) taken as base times 100. it's miles the proportion of the selling price that is changed into profit, whereas "profit percent" or "markup" is the percentage of the price that one receives as income on top of the cost rate. even as selling something one ought to realize what percentage of income one will get on a particular funding, so companies calculate earnings percent to locate the ratio of income to cost.
The profit margin is used basically for inner assessment. it's far hard to appropriately compare the net profit ratio for distinctive entities. man or woman organizations' running and financing preparations vary a lot that one-of-a-kind entities are certain to have exclusive ranges of expenditure so that assessment of 1 with another can have little which means. A low-income margin indicates a low margin of protection: a higher danger that a decline in income will erase profits and result in an internet loss, or a poor margin.
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Which type of cheque is used to receive money physically from the branch where you hold the account?
Self-Cheques are used to physically receive money from the branch where your account is kept.
On a self-pay cheque, the payee is listed as "self." It is used by the issuer to withdraw money from their bank account. A self-check can only be cashed out at the issuer's bank. The safest and simplest way to write a check to oneself is to put your name on the "Pay to the order of" line and fill out the date, amount, and signature lines as usual. At your bank, sign the check in the space provided on the back, then show the teller your ID. You should be informed that the self-cheque can only be retrieved from the account holder's drawer or bank. Use caution when utilising a self-cheque because it could be lost.
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brick house cafe has a tax rate of 21 percent and paid total taxes of $56,000. the company had an interest expense of $24,900. what was the value of the interest tax shield?
When Brick House Cafe pays total taxes of $56,000 and has a tax rate of 21%, the interest tax shield is $5,229.
What is a interest tax shield?
The lower income taxes brought on by the deduction of interest expenses from taxable income are referred to as the "interest tax shield." For instance, because mortgage interest is deductible from income, mortgages may provide buyers with an interest tax shield.
Many middle-class people, whose residences make up a sizable portion of their net worth, benefit greatly from the option to use a mortgage as a tax shelter. 1 By giving the borrower a particular tax benefit, it additionally provides incentives to individuals wishing to purchase a home.
Taxpayers can utilize a tax shield as a deduction to lower their taxable income. Tax shelters include things like medical costs, mortgage interest deductions, charitable contribution deductions, and depreciation.
Interest tax shield = interest expenses * tax rate
= $24,900 * 21%
= $5,229
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the use of price discounts and coupons may erode the commitment of consumers to brand names. the use of price discounts and coupons may erode the commitment of consumers to brand names. false true
This is true that the use of price discounts and coupons may erode the commitment of consumers to brand names.
The competitive climate may be both an opportunity and a threat for any business. A comprehensive and adaptable tool called Brand Commitment (BCO) measures, in a very straightforward manner, the psychological ties that customers and users have with a brand, a product, or a service. We may use this model to anticipate the risk of switching to other brands and to estimate the potential brand potential.
There is more to the Brand Commitment Model than just a customer typology. The commitment index, a straightforward graph, captures sentiments in the entire category. The client may quickly evaluate how the own brands within the product category are performing on a certain market or among a certain target audience by comparing these numbers to the accessible benchmarks.
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in advising a client you are considering adding a mutual fund, fundsrus, to the client's portfolio of investments. the fund has a beta coefficient of 1.35 and currently the return on an average risk security in the market is 7.5%. the risk-free rate (i.e., rate on long-term treasury securities used as a proxy) is 4%. given this information what is the expected return for the mutual fund fundsrus? show all work for full credit.
According to the given information, the expected return for the mutual fund is 8.73%.
In the given question, in advising a client you are considering adding a mutual fund, fundsrus, to the client's portfolio of investments.
The fund has a beta coefficient of 1.35.
The return on an average risk security in the market is 7.5%.
The risk-free rate is 4%.
We have to find the expected return for the mutual fund fundsrus.
As we know that;
Asset management firms (AMCs) that handle mutual funds in a professional manner on behalf of individual investors.
Expected return for the mutual fund = Risk Free+Beta×(Market Return-Risk Free)
Expected return for the mutual fund = 4+1.35×(7.5-4)
Expected return for the mutual fund = 8.73%
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on march 1, miller company borrows $150,000 from high country bank by signing a 6-month, 8%, interest-bearing note. instructions prepare the necessary entries below associated with the note payable on the books of miller company. (a) prepare the entry on march 1 when the note was issued. (b) prepare any adjusting entries necessary on june 30 in order to prepare the semi-annual financial statements. assume no other interest accrual entries have been made. (c) prepare the adjusting entry at august 31 to accrue interest. (d) prepare the entry to record payment of the note at maturity.
The journal entries for the transactions affecting the borrowing of $150,000 by Miller Company are as follows:
Journal Entries:a) March 1: Debit Cash $150,000
Credit Notes Payable $150,000
(To record the issuance of a 6-month, 8% interest-bearing note.)
b) June 30: Debit Interest Expense $4,000
Credit Interest Payable $4,000
(To accrue interest for the semi-annual financial statements.)
c) August 31: Debit Interest Expense $2,000
Credit Interest Payable $2,000
(To accrue interest at maturity.)
d) August 31: Debit Notes Payable $150,000
Debit Interest Payable $6,000
Credit Cash $156,000
(To record the repayment of the note and interest.)
What are the journal entries?The journal entries are the initial records made for business transactions and adjustments to ensure the accounting records agree with the accrual concept.
The accrual concept states that only transactions affecting an entity in a financial period should be recognized or recorded whether they involve cash movements.
Transaction Analysis:Notes Payable = $150,000
Interest rate = 8%
Maturity period = 6 months
a) March 1: Cash $150,000 Notes Payable $150,000
b) June 30: Interest Expense $4,000 Interest Payable $4,000
c) August 31: Interest Expense $2,000 Interest Payable $2,000
d) August 31: Notes Payable $150,000 Interest Payable $6,000 Cash $156,000
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currently, about how much of the global population increase is taking place in low-income nations?
The world's current population of 7.6 billion is projected to rise to 8.6 billion in 2030 and 9.8 billion in 2050. In 2100, it is projected to reach 11.2 billion.
In recent years, there has been a decline in the population in some cities. The majority of these are situated in Asia and Europe, regions with low fertility rates but growing or stagnant populations overall. In some cities, population declines have also been exacerbated by economic contraction and natural disasters.
Between the years 2000 and 2018, there were a few cities in Japan and the Republic of Korea with declining populations. Since 2000, there has also been a population decline in a number of Eastern European cities, including Poland, Romania, the Russian Federation, and Ukraine. Emigration and low fertility are two factors that have contributed to some of these cities' smaller populations. In comparison to the previous two decades, fewer cities worldwide are anticipated to see their populations decline between now and 2030.
Since 1950, the world's rural population has grown slowly and is expected to peak in a few years.
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what business strategy is best supported by low formalization, low centralization and high specialization?
Low formalization, centralization, and high specialization are the optimal conditions for supporting an innovation strategy.
Low cost technique performs better with mild formalization and centralization.
The methodical discovery of unmet consumer requirements in a given market—and the decision of which unmet needs to prioritize for expansion—represent an innovation strategy. The business can increase market share or profitability by identifying and prioritizing unmet consumer demands through consistently successful product and service innovation.
There are four types of innovation strategies: proactive, active, reactive, and passive.
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question 8 of 10: true or false: it is good time management to wait until the end of the day to study when all of your other activities are already completed.
Answer: False bro
Explanation: Don't procrastinate!
Answer: False.
Explanation:
You need to squeeze in time for studying with your daily activities because if you keep it until the end of the day, you will have no energy or mindset to start studying.
Cameron is deciding between two landscaping companies for his place of business. Company a charges $25 per hour and a $300 equipment fee. Company b charges $55 per hour and a $150 equipment fee. Let aa represent the amount company a would charge for tt hours of landscaping, and let bb represent the amount company b would charge for tt hours of landscaping. Write an equation for each situation, in terms of t,t, and determine the interval of hours, t,t, for which company a is cheaper than company b.
For Company A to be cheaper than Company B, t must be less than 5 hours.
Equation for Company A: aa = 25t + 300
Equation for Company B: bb = 55t + 150
For Company A to be cheaper than Company B, the following inequality must hold: 25t + 300 < 55t + 150
Subtract 150 from both sides: 25t + 150 < 55t
Subtract 25t from both sides: 150 < 30t
Divide both sides by 30: 5 < t
Therefore, for Company A to be cheaper than Company B, t must be less than 5 hours.
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because customers are already upset, the language of adjustment messages should be particularly . a. vague b. adamant c. sensitive d. negative
Because customers are already agitated, the language used in adjustment messages should be especially sensitive.
What is the characteristics of a sensitive people?Being highly sensitive is a valuable trait with numerous benefits. HSPs are known for their keen observation, intuition, thoughtfulness, compassion, empathy, conscientiousness, loyalty, and creativity. People with higher sensitivity are consistently rated as top contributors by managers.However, a tendency to freeze under intense pressure and take negative feedback personally can be drawbacks, particularly at work.Biologically speaking, highly sensitive people pick up on more stimuli within and around them.At the same time, hyper-awareness can be exhausting. Situations that are mildly stressful to the average person can cause a sensitive person to overthink.To learn more about hyper-awareness refer to:
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how would you record a receipt showing that cash was received from the owner as an investment? question 6 options: credit cash, debit sales debit cash, credit capital debit cash, credit accounts receivable credit cash, debit drawing
In your cash receipts journal, note every cash payment you get. A cash transaction should also be recorded in your sales diary or accounts receivable ledger.
What is a journal?The Journal. it is available. Before switching to entirely original content, it started out with a blend of original and aggregated content. The website was launched at the beginning of 2010.
Owner equity is reduced when a firm owner makes a cash investment. A liabilities account is a capital account. A company's liability increases when it pays for insurance out of pocket. Assets and liabilities are the two main components of a balance sheet.
On the balance sheet, the initial investment is shown at cost (fair value). Any dividends paid out by the investee reduce the amount of the investing firm's ownership interest on the balance sheet (proportionate to ownership), which is increased with subsequent earnings by the investee.
Therefore, cash receipts journal, note every cash payment you get. A cash transaction
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which of the following statements is true about the relationship between business processes and information systems? group of answer choices information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. a business process need not relate to any information system, but an information system relates to at least one business process.
A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.
A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.
The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.
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in the domestic market, following the imposition of an import quota, imports ________, domestic production ________, and prices ________.
In the domestic market, following the imposition of an import quota, imports decrease domestic production increases and prices increases.
In the case of the domestic market, the import quota would be seen as the nation's maximum import allowance. The import is now decreased when the import quota is put into place, the domestic output is increased, and the price is also increased.
Import restrictions will drive up domestic prices and, in the event of a large country, drive down export prices. The discrepancy between domestic and foreign prices following the implementation of the quota is known as a "quota rent." An import quota will be used to reduce the number of imports to the quota amount.
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what environmental parameters would need to be monitored as ddt moves up the food web of an ecosystem?
The food web of an ecosystem is bioaccumulating in organisms as well as reducing population sizes that can feed higher trophic levels.
When animals consume feed containing DDT residues DDT accumulates in animal tissues through a process called bioaccumulation. The higher up the food chain an animal is, the higher the concentration of DDT in its body as a result of a process called biomagnification.
DDT enters the food web at the lowest levels when small organisms such as insects eat plant parts infected with this toxic substance. Insects can die or survive but are eventually eaten by larger creatures like birds, accumulating more and more DDT with each meal.
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deep earth extraction inc. operates a facility near estuary bay. discharging waste from the facility into the bay can result in:______.
Penalties and damages will be incurred as a result of Deep Earth Extraction Inc.'s decision to discharge waste from its facility into a Bay-area body of water. A is the correct response.
On December 2, 1970, under President Nixon's administration, the United States government established the Environmental Protection Agency (EPA), which is in charge of the environment. It was created to protect the nation's water and biodiversity from chemical and biological pollutants and to address growing concerns about pollution and toxic waste dumps by industries.
In order to minimize the harm caused by toxic waste, the Environmental Protection Agency (EPA) passed the Clean Water Act, which regulates the standard for dumping wastewater for all industries and regulates the discharge of toxic pollutants into the nation's water. Penalties and criminal prosecutions will result from violating the Clean Water Act.
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Full Question = Deep earth extraction inc. operates a facility near estuary bay. discharging waste from the facility into the bay can result in
a. penalties and damages
b. penalties only.
c. damages only.
d. none of the choices.
which term describes discrimination that manifests itself in ways that are not visible or readily identifiable, yet is serious because it can impact interpersonal interactions between employees, employees and customers, and other important workplace relationships?
Covert term describes discrimination that manifests itself in ways that are not visible or readily identifiable, yet is serious because it can impact interpersonal interactions between employees, employees and customers, and other important workplace relationships.
Making unwarranted disparities between individuals based on the groups, classes, or other categories to which they allegedly belong or are thought to allegedly belong is known as discrimination. Race, gender, age, religion, handicap, sexual orientation, and other characteristics are only a few of the reasons why people may be subjected to discrimination.
When someone or a group is treated unfairly or worse than others based on their real or perceived membership in one or more groups or social categories, that is when discrimination happens most often. It entails denying members of one group access to opportunities or privileges that belong to another group.
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gordon company sold 2,000 more units than budgeted of its only product. how will total fixed cost be affected? a) remain constant. b) decrease by same percentage as sales increase. c) increase by same percentage as sales increase. d) decrease $2,000. e) increase $2,000. group of answer choices
The Correct option is A. Gordon company sold 2,000 more units than budgeted of its only product Due to remain constant.
A commercial enterprise budget is a spending plan for your commercial enterprise based totally on your earnings and expenses. It identifies your to-be-had capital, estimates your spending, and helps you expect revenue. A price range permits you to plan your business sports and can act as a yardstick for setting up economic goals. The three kinds of annual authorities budgets based on estimates are Surplus budget, Balanced price range, and Deficit finances.
Commercial enterprise finance is a top-level view of your enterprise’s budget. It outlines key data on both the modern-day nation of your finances (including earnings and costs) and your long-time period economic desires. because your price range will play a key position in making sound financial decisions for your enterprise, it must be one of the first duties you address.
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suppose that the manager of a company has estimated the probability of a super-event sometime during the next three years that will disrupt all suppliers as 2%. in addition, the firm currently uses four suppliers for its main component, and the manager estimates the probability of a unique-event that would disrupt one of them sometime during the next three years to be 10%. supplier management costs during this period are $30,000 per supplier. the financial cost incurred if all four suppliers are disrupted at the same time is estimated to be $10,000,000. what is the expected monetary value (cost) of the current supplier diversification arrangement?
The expected monetary cost of the current supplier diversification arrangement is given as follows:
$317,600.
How to obtain the expected value of a discrete distribution?The expected value of a discrete distribution is obtained by the sum of each value multiplied by it's respective probability.
The probability of all suppliers being disrupted is of 2%, with a cost of $10,000,000, hence:
P(X = 10,000,000) = 0.02.
Otherwise, with no disruptions, the costs per year are of $30,000 per each of the four suppliers, hence a total of $120,000, thus:
P(X = 120,000) = 0.98.
Then the distribution is given as follows:
P(X = 120,000) = 0.98.P(X = 10,000,000) = 0.02.Thus the expected cost is calculated as follows:
E(X) = 0.98 x 120,000 + 0.02 x 10,000,000 = $317,600.
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two oligopolistic firms forming a cartel will want to set a price so that the cartel produces a quantity that is _________ the allocatively efficient amount.
Two oligopolistic firms forming a cartel will want to set a price so that the cartel produces a quantity that is less than the allocatively efficient amount. Therefore, option (A) is the correct answer.
An oligopoly is a market condition with a small number of enterprises, none of which can prevent the others from wielding significant influence. Market share held by the largest companies is gauged by the concentration ratio.
Numerous industries have historically been oligopolies, including the production of steel, oil, railroads, tyres, grocery store chains, and wireless carriers. An oligopoly can prevent new competitors from entering the market, stifle innovation, and raise prices, all of which hurt consumers. This is a concern from an economic and legal perspective.
In an oligopoly, firms set pricing rather than relying on market prices, either collectively—in a cartel—or under the direction of one enterprise. Thus, profit margins are huge than in a highly competitive market.
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Complete question:
Two oligopolistic firms forming a cartel will want to set a price so that the cartel produces a quantity that is _________ the allocatively efficient amount.
A. less than
B. more than
C. the same amount as
D. one cannot tell.
In the iowa car crop, steven landsburg argues that importing cars from japan and exporting wheat from iowa is analogous to…
A) importing wheat.
B) exporting cars.
C) growing cars in Iowa.
D) growing wheat in Japan.
Option (c), Steven Landsburg makes the case in the Iowa car crop that selling wheat from Iowa and importing cars from Japan are comparable to cultivating cars in Iowa.
How does comparative advantage play a role in world trade?The comparative advantage concept states that nations would engage in international trade while exporting the goods in which they are superior. No nation or person can possess a comparative advantage in every good.
When producing a particular good, agents in an economic model will be at a comparative advantage over their competitors if they can do so at a lower relative opportunity cost than those competitors. When referring to international trade, the term "comparative advantage" describes the items that one nation can produce more quickly or affordably than another. This will give someone else the option to create some things at a lower opportunity cost or on behalf of a different country.
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Organizational culture is not statistically related to any measures of organizational effectiveness.a. Trueb. False
Organizational culture is not statistically related to any measures of organizational effectiveness. The statement is false.
Any statistical measure of organizational effectiveness has a relationship with organizational culture. An organization may increase its performance by offering a better working environment and greater internal communication thanks to a strong organizational culture.
The statistical link between organizational culture and effectiveness has been demonstrated in several research. Organizational culture, in reality, determines how employees interact with one another inside the company, which has an effect on organizational success.
A better organizational culture makes it easier to get the greatest performance out of each person, which increases the effectiveness of the company.
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what is the person called on an agile team who gets to decide what goes on the sprint backlog and whether a task is done or not?
The person called on an agile team who gets to decide what goes on the sprint backlog and whether a task is done or not by Development Team.
An Agile team is a group of personnel, contractors, or freelancers answerable for executing an Agile challenge. Agile groups are commonly co-positioned and regularly thoroughly dedicated to the task during its timeline, with no duties to other tasks.
Agile embraces quick assignment timelines with a quick turnaround of attainable merchandise. commercial enterprise humans and builders have to paintings together day by day at some stage in the assignment. normal verbal exchange and interaction amongst all stakeholders are important to the assignment's achievement. construct projects around inspired people.
Groups that live real to the spirit of Agile are self-organizing. They divvy up work that desires to be carried out.
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a company has an inventory period of 26.5 days, an accounts payable period of 43.1 days, and an accounts receivable period of 34.7 days. what is the company's operating cycle?
An organization's operational cycle is the period of time it takes to purchase goods, sell them, and get paid for those sales. The company's operating cycle is 18.1 days.
What is the operating cycle?The days needed for a business to receive inventory, sell the goods, and collect money from the sale of the inventory are referred to as an operating cycle (OC). This cycle is crucial in evaluating how effectively a business operates.
The operating cycle is calculated using the formula:
Operating cycle = Inventory period + Account receivable period - Account payable period
= 26.5 + 34.7 - 43.1
= 18.1 days
Therefore, 18.1 days is the company's operating cycle.
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matt's company spent billions of dollars to acquire the financial investment operations of a company in sweden. this would be an example of a blank scale entry. multiple choice question. broad small primary large
When Matt's company spent billions of dollars to acquire the financial investment operations of a company in Sweden, it is an example of a large scale entry. Therefore, the option D holds true.
A financial investment can be referred to or considered as a practice of monetary engagement in different classes of assets, which allows a person to divest the money with the primary intention of generating exponential amount of desired returns. Usually, a financial investment is done depending on the scales of amounts invested by the person or the individual.
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Markets that operate under highly restrictive assumptions, such as a zero tax rate, zero transactions costs, and full information of all market participants, are known as what?
Markets that operate under highly restrictive assumptions, such as a zero tax rate, zero transactions costs, and full information of all market participants, are known as perfect market,
What is a perfect market?
Perfect market refers to a hypothetical market where buyers and sellers are so numerous and knowledgeable that there is no monopoly and market prices are unaffected by manipulation.
A hypothetical market system is referred to as perfect competition. Perfect competition offers a valuable model for illustrating how supply and demand influence pricing and behavior in a market economy, despite perfect competition seldom occurring in actual markets.
According to economic theory, perfect competition exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices.
Therefore, "perfect market" refers to markets that operate under extremely limited assumptions, such as a 0% tax rate, zero transaction costs, and full disclosure of all market participants.
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What are 3 differences between a bank and a credit union?
The primary differences between a bank and a credit union are in terms of ownership, services offered, and rates.
1. Ownership: Banks are owned by shareholders and exist to make a profit, whereas credit unions are owned by their members and are not-for-profit organizations. Credit unions are typically formed to serve a specific group of people, such as members of certain organizations or employers.
2. Services Offered: Banks generally offer a wide range of services, such as checking and savings accounts, investments, and loans. Credit unions usually offer a more limited selection of services, such as checking and savings accounts, and may not offer investment services or loans.
3. Rates: Banks may offer competitive rates on checking and savings accounts, but credit unions often have higher rates. Credit unions also tend to have lower fees, such as low or no monthly fees on checking accounts. Additionally, credit unions typically offer lower loan rates than banks.
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if eva uses the shortest processing time first priority rule to schedule these jobs, what will be the average number of jobs in her shop today?
The average number of jobs in her shop that day would be 2.33.
What is average?
An average is a single number calculated as the average of a set of numbers, typically calculated as the sum of the numbers divided by the total number of numbers in the set (the arithmetic mean). The average of the numbers 2, 3, 4, 7, and 9 (which add up to 25) is, for instance, 5.
An average could be another statistic like the median or mode depending on the situation. Because the mean would be falsely high if it included the personal incomes of a few billionaires, the median—the amount below which 50% of personal incomes fall and above which 50% of personal incomes rise—is sometimes used instead.
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jones corp. reported current assets of $194,000 and current liabilities of $137,500 on its most recent balance sheet. the working capital is:
Jones corp. reported current assets of $194,000 and current liabilities of $137,500 on its most recent balance sheet. the working capital is: 56000.
What is assets?In financial accounting, an asset refers to a resource owned and controlled by a company and entity. It is anything that can be used to create positive economic value. An asset shows the importance of an asset that can be converted into cash. An asset is anything that has present or future economic value to an enterprise. Essentially, business assets include anything that a business controls and owns that has current value or the potential to provide financial benefit in the future. The examples are patents, machines, and investments. An asset refers to a resource of economic value owned and controlled by an individual, firm with the expectation of future profit. Assets are reported on the company's balance sheet. They are classified as short term, fixed, financial and intangible.To learn more about assets from the given link :
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