The financial statements of carrier office furniture company include the following items: 2019 2018 cash $42,500 $42,000 shortminusterm investments 28,000 19,000 net accounts receivable 102,000 98,000 merchandise inventory 166,000 148,000 total assets 527,000 547,000 total current liabilities 273,000 285,000 long-term note payable 64,000 60,000

what is working capital for 2019?

$65,500

Explanation:

Data provided in the question:

                                              2019       2018

Cash                                 $42,500   $42,000

Short-term Investments   28,000     19,000

Net Accounts Receivable 102,000    98,000

Merchandise Inventory     166,000    148,000

Total Assets                       527,000    547,000

Total Current Liabilities    273,000   285,000

Long-term Note Payable   64,000      60,000

Now,

Working capital = Current assets - Current liabilities

Also,

Current assets (i.e for the year 2019 )

= Cash + Short-term Investments + Net Accounts Receivable + Merchandise Inventory

= $42,500 + $28,000 + $102,000 + $166,000

= $338,500

and,

Current liabilities =  $273,000

Therefore,

Working capital for 2019 = $338,500 - $273,000

= $65,500

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )

answer; the correct answer should be (demonstrations); good luck