HSM 543 Week 5 Quiz 2019
Question 1 (TCO D) Working capital is
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total equity of the organization.
current assets less inventory.
cash and accounts receivable.
current assets.
Question 2 (TCO D) Temporary working capital is
not needed if the firm has a permanent working capital.
only used by nonprofit organizations.
less expensive than permanent working capital.
is the additional working capital needed to respond to seasonal fluctuations.
Question 3 (TCO D) Describe the difference between FIFO and LIFO cost for inventory.
Question 4 (TCO D) Discuss the objective of accounts receivable management.
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