Rao Corporation has the following balance sheet. How much net operating working capital does the firm have?

Balance Sheet
Cash

$ 10

Accounts payable

$ 20

Short-term investments

Accruals

20

Accounts receivable

50

Notes payable

50

Inventory

40

Current liabilities

$ 90

Current assets

$130

Long-term debt

0

Net fixed assets

100

Common equity

30

Retained earnings

50

Total assets

$230

Total liab. & equity

$230

Select one:

a. $79.86

b. $54.00

c. $60.00

d. $66.00

e. $72.60

The distinction between a normal and an inferior good is

The leading producer of cell phone backup batteries, jumpstart, has achieved great success because they produce high-quality battery backups that are not too expensive. even so, another company that produces lower-quality batteries at the same price has also achieved some success, but not as much as jumpstart. also, in general, the price of backup batteries has declined because of economies of scale and learning. in addition, jumpstart has added complementary assets, such as a carrying case. considering all of these factors, the backup battery industry is most likely in the introduction stage. growth stage. shakeout stage. maturity stage.

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u.s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.