Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. most recent balance sheet appear below: sales on a

most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,300...

70.2K

Verified Solution

Question

Accounting

most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.

The working capital at the end of Year 2 is: A. $320 B. $500 C. $1,210 D. $1,070

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What does the following sentence from the conclusion section of the essay"Nationality in Love" by...

Biology
Q

Lesioning (damaging) the PVN in the hypothalamus has the effect of ... eeding behavior. The...

Biology
Q

Consider fully developed laminar flow in a circular pipe shown below Use a cylindrical control...

Physics
Q

Bob of a simple pendulum has mass 1 kg and charge do Tension in the...

Physics
Q

A basketball rolls without slipping around a basketball rim in such a way hat the...

Physics
Q

Challenge 2 A ski lift forms a right triangle as shown Use the Pythagorean Theorem...

Geometry
Q

5. Consider the following system of linear equations: x? - x? - 2x? - 8x?...

Algebra
Q

Case #1 Walsec Inc. is in the process of developing a smart wallet that has...

Accounting
Q

Who pays the social security taxes that are levied by the federal Insurance contributions Act?

Accounting
Q

Andyco, Inc., has the following balance sheet and an equity market-to-book ratio of 1.3. Assuming...

Finance
Q

Lazaretto National Savings & Loans makes five types of loans. These loans with the yearly...

Finance
Q

On the first day of the fiscal year, a company issues $45,000,8%, seven-year installment notes...

Accounting