Use the following data to determine the total amount of working capital. Koonce Office SuppliesBalance SheetDecember 31, 2012Cash $ 130,000 Accounts Payable $ 140,000Prepaid Insurance 60,000 Salaries Payable 20,000Accounts Receivable 100,000 Mortgage Payable 160,000Inventory 140,000 Total Liabilities $320,000Land held for Investment 150,000Land 180,000Buildings $200,000 Common Stock $240,000Less Accumulated Retained Earnings 500,000Depreciation (40,000) 160,000 Total Stockholders’ Equity $740,000Trademarks 140,000 Total Liabilities andTotal Assets $1,060,000 Stockholders’ Equity $1,060,000a. $270,000.b. $590,000.c. $150,000.d. $120,000.

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?

Beswick company your team is allocated a project involving a major client, the beswick company. although the organization has many clients, this client, and project, is the largest source of revenue and affects the work of several other teams in the organization. the project requires continuous involvement with the client, so any problems with the client are immediately felt by others in the organization. jamie, a member of your team, is the only person in the company with whom this client is willing to deal. it can be said that jamie has:

One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be: