The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.9 million and net plant and equipment equals $2.4 million. It has notes payable of $155,000, long-term debt of $747,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. Write out your answers completely. For example, 25 million should be entered as 25,000,000. Negative values, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, if necessary. a. What is the company’s total debt?
b. What is the amount of total liabilities and equity that appears on the firm’s balance sheet?
c. What is the balance of current assets on the firm’s balance sheet?
d. What is the balance of current liabilities on the firm’s balance sheet?
e. What is the amount of accounts payable and accruals on its balance sheet? (Hint: Consider this as a single line item on the firm’s balance sheet.)
f. What is the firm’s net working capital?
g. What is the firm’s net operating working capital?
h. What is the explanation for the difference in your answers to parts f and g?

See explanation

Explanation:

a. What is the company’s total debt?

The company's total debt is the addition of the notes payable of $155,000, and the long-term debt of $747,000. This will be:

= $155,000 + $747,000

= $902000

b. What is the amount of total liabilities and equity that appears on the firm’s balance sheet?

Since the firm has total assets of $2.9 million and in a balance sheet, assets must be equal to the liabilities, then the total liabilities and equity = $2.9 million

c. What is the balance of current assets on the firm’s balance sheet?

Total assets:

= Current assets + Net plant and equipment

2.9 million= Current asset + 2.4 million

Current asset = 2.9 million - 2.4 million

= 0.5 million

= $500,000

d. What is the balance of current liabilities on the firm’s balance sheet?

Total liabilities and equity:

= Current liabilities + Long-term debt + Total common equity

2.9 million= Current liabilities + $747000 + $1,450,000

Current liabilities = 2,900,000 - 2,197,000

Current liabilities= $703,000

e. What is the amount of accounts payable and accruals on its balance sheet? (Hint: Consider this as a single line item on the firm’s balance sheet.)

Accounts payable and accruals = Current liabilities - Notes payable

Accounts payable and accruals = $703,000 - $155,000

= $548,000

f. What is the firm’s net working capital?

Net working capital = Current assets - Current liabilities

= $500,000 - $703,000

= -$203,000

g. What is the firm’s net operating working capital?

Net operating working capital:

= Current assets - (Current liabilities - Notes payable)

= $500,000 - ($703,000 - $155,000)

= $500000 - $548000

= $48,000

h. What is the explanation for the difference in your answers to parts f and g?

= $203,000 - $48,000

= $155,000

The difference between (f) and (g) is the note payable balance.

its kinda hard to answer this when we dont have all the information that we need.

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.