The introduction of a new product at Elia Pharmaceuticals will require a $450,000 increase in inventory, a $730,000 increase in Accounts Receivable, and a $180,000 increase in Accounts Payable
Introduction of the product will also require a $700,000 expenditure for advertising. The increase in net working capital required for the introduction of this product is
A) $1,180,000.
B) $1,000,000.
C) $1,360,000.
D) $1,700,000.
Answer: B
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Jack, a return preparer, did not retain copies of all returns that he prepared but did keep a list that reflected the taxpayer's name, identification number, tax year, and type of return for each of his clients. Which of the following statements best describes this situation?
A. Jack is in compliance with the provisions of the tax code if he retains the list for a period of 1 year after the close of the return period in which the return was signed. B. Jack is in compliance with the provisions of the tax code, provided he retains the list for a 3-year period after the close of the return period in which the return was signed. C. Jack is not in compliance with the tax code since he must retain copies of all returns filed. D. Jack is not in compliance with the tax code since he has not kept all the information required by the Code.
Part of preparing for a job interview involves anticipating the questions that an interviewer will ask and rehearsing answers to each one
Indicate whether the statement is true or false.