Given the Following Information About Jones Corporation,what Are Jones's Working

question 38

Essay

Given the following information about Jones Corporation,what are Jones's working capital needs using the Bardahl formula,assuming that federal income taxes are not an operating expense?
$\begin{array}{ll}\text { Average inventory } & \$ 33,000 \\\text { Cost of goods sold } & 300,000 \\\text { Purchases } & 250,000 \\\text { Average accounts receivable balance } & 80,000\\\text { Average credit sales } & 320,000 \\\text { Average accounts payable balance } & 30,000 \\\text { Operating expense } & 400,000 \\\text { Depreciation claimed as operating expense } & 50,000 \\\text { Federal income taxes } & 25,000\\\text { Advances to suppliers }&30,000\end{array}$

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Definitions:

Motor Abilities

Skills related to the movement and coordination of muscles and limbs, including fine motor skills (small movements) and gross motor skills (larger movements).

Biological-Maturation

Refers to the natural progression of physical and psychological growth in an organism, typically following a predictable sequence.

Canalization

A concept in developmental biology and psychology referring to the degree to which the genotype restricts the phenotype to a small number of developmental outcomes.

Genetic Factors

Elements within an individual's genetic makeup that influence their traits, predisposition to diseases, and other characteristics.