The following are the Balance sheetitems of Salalah Packaging Company.Prepare and Calculate the NetWorking Capital of Salalah PackagingCompany. The company needs to setaside 10.005% for contingency.ITEMOMRSalary paid in advance7500Closing stock5400Bank Balance3700Overheads (6 weeks)1000Bills Payable (2 weeks)1000Manufacturing expenses3500Creditors for wages760Rent paid in advance190Select one:a. 13614.39b. None of the optionsO c. 13500.25O d. 13960.50O e. 12110.89

Solution- ITEM OMR Salary paid in advance 7,500 Closing stock 5,400 Bank balance 3,700…

Answered: The following are the Balance sheet…

The following are the Balance sheet items of Salalah Packaging Company. Prepare and Calculate the Net Working Capital of Salalah Packaging Company. The company needs to set

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

The following are the Balance sheet
items of Salalah Packaging Company.
Prepare and Calculate the Net
Working Capital of Salalah Packaging
Company. The company needs to set
aside 10.005% for contingency.
ITEM
OMR
Salary paid in advance
7500
Closing stock
5400
Bank Balance
3700
Overheads (6 weeks)
1000
Bills Payable (2 weeks)
1000
Manufacturing expenses
3500
Creditors for wages
760
Rent paid in advance
190
Select one:
a. 13614.39
b. None of the options
O c. 13500.25
O d. 13960.50
O e. 12110.89

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