Amount of working capital immediately after payment
A company with working capital of $500,000 and a current ratio of 2.5pays a $85,000 short-term liability. The amount of working capital immediately after payment is:
a. $585,000
b. $415,000
c. $500,000
d. $85,000
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Suppose Marjorie is willing to accept the terms in part (a) or in part (b). Using the situation in part (a) as the base, calculate the incremental profit from scheduling evening classes.
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On may 1, 2010, stanton company purchased 50000 of harris company's 12% bonds at 100 plus accured interest of $2,000. On June 30,2010, Stanton received its first semiannual interest. On February 1, 2011, Stanton sold 40,000 of the bonds at 103 plu
Which of the following statements is correct with respect to the stock redemption?
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