Positive working capital for a firm implies:
a. the firm has no short-term debt.
b. the firm has no seasonal cash flow needs.
c. that current assets are completely financed by current liabilities.
d. the firm has no long-term debt.
e. that current assets are partially financed by long-term debt and equity.
e
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A company purchased 100 units for $30 each on January 31. It purchased 170 units for $25 each on February 28. It sold 170 units for $70 each from March 1 through December 31 If the company uses the first-in, first-out inventory costing method, what is the amount of Cost of Goods Sold on the income statement for the year ending December 31? (Assume that the company uses a perpetual inventory system.)
A) $3,000 B) $4,250 C) $4,750 D) $7,250
Michael is a cybersecurity analyst for a regional bank. His work team includes two other analysts, two developers and a software quality/testing engineer. All of the team members are focused on identifying vulnerabilities and protecting the bank’s systems against cybersecurity threats. Michael and his colleagues work independently to plan and schedule work, share tasks and meet performance objectives set by the team leader. Michael’s team structure is:
a. management chain b. a manager-led team c. virtual team d. a self-managing team.