Homework Answers
| 13 |
| Working Capital is calculated as Current Assets less Current Liabilities. |
| The payment of Short-Term Liability would decrease both Cash(Current Asset) and Short-Term Liability (Current Liability) |
| As a result, net effect on Working Capital would be $0 |
| Working Capital immediately after payment = $720,000 |
| Option B $720,000 is correct |
| 2 | ||
| Equivalent units of production during June | 5200 | |
| Less: Equivalent units to complete beginning inventory | 1125 | =1500*(1-25%) |
| Less: Units started and completed | 3500 | =5000-1500 |
| Equivalent units in ending inventory | 575 | |
| Option A 575 units is correct |
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