Use the Following Data to Calculate Working Capital A)$1600
B)$2300
C)$2500
D)$2900

question 8

Multiple Choice

Use the following data to calculate working capital. . $\begin{array} {c } \text { Drew's Lawn Service}\\ \text { Balance Sheet }\\ \text { December 31,2022 }\\\begin{array}{lr}\text { Cash } & \$ 2,000 \\\text { Accounts receivable } & 300 \\\text { Supplies } & 100 \\\text { Prepaid insurance } & 900\\ \text {Equipment }&\$33,000\\ \text { Less: Accumulated }\\ \text {depreciation }(6,000) &27,000\\ \text { Internet domain}&1,000\\ \text {Total assets }&\$31,300\\\end{array}&\begin{array}{lr}\text { Accounts payable } & \$ 600 \\\text { Salaries and wages payable } & 200 \\\text { Note payable (due 2024) } & 22,100 \\\text { Total liabilities } & 22,900 \\\text { Common stock } & 7,000 \\\text { Retained earnings } & 1,400 \\\text { Total stockholders' equity } & \underline{8,400}\\ \text {Total liabilities and }\\ \text { stockholders' equity}&\$31,300\\\end{array}\end{array}$

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Definitions:

Measure Map

A visual representation or tool used to track and display measurements, progress, or data points related to a specific process or goal.

Performance Perspectives

Various viewpoints or angles from which to assess or measure the performance of an organization, often including financial, customer, internal processes, and learning and growth aspects.

Strategy Map

A visual tool that illustrates how an organization plans to achieve its strategic objectives, often linked to the Balanced Scorecard methodology.

Balanced Scorecard

A system for planning and managing strategy that ensures business processes are in harmony with the organization's goals and vision, facilitates better communication within and outside the organization, and assesses how well the organization is achieving its strategic objectives.