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How do firms use current liabilities, including accounts payable, accruals, lines of credit, commercial paper and...

How do firms use current liabilities, including accounts payable, accruals, lines of credit, commercial paper and short-term loans, to finance current assets?

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Current assets Current liabilities Cash $72,000 Accounts payable $12,000 Accounts receivable 18,000 Interest payable 12,000 Interest...
Current assets Current liabilities Cash $72,000 Accounts payable $12,000 Accounts receivable 18,000 Interest payable 12,000 Interest receivable 1,000 Inventory 60,000 Total current assets $151,000 Total current liabilities $24,000 Long-term assets Long-term liabilities Equipment (net of depreciation) $128,000 Note payable 100,000 Total long-term assets $128,000 Total long-term liabilities $100,000 Equity Common stock 10,000 Paid-in capital 50,000 Retained earnings 95,000 Total equity $155,000 Total assets 279,000 Total liabilities and equity $279,000 Yes the difference between account payable and accounts receivable is required....
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,048.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,731.00 Interest expense 40,500 41,017.00 Inventories 279,000 288,000 Long-term debt 339,670.00 401,877.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,905.00 Retained earnings 306,000 342,000 Sales 639,000 850,323.00 Taxes 24,750 48,686.00 What is...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
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Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
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Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
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1. Why do companies have revolving credit facilities (lines of credit)? How do they use them?...
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