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What is the net effect on a firm's working capital if a new project requires: $30,000 increase in inventory, $10,000 increase in accounts receivable, $25,000 increase in machinery, and a $20,000 increase in accounts payable?
Limited Liability
A legal status where a person's financial liability is limited to a fixed sum, most often the value of a person's investment in a corporation or partnership.
Management
The process of dealing with or controlling things or people, often within an organization.
Limited Liability Company
A commercial structure that amalgamates the limited liability protection of a corporation with the direct taxation approach of a partnership or sole proprietorship.
Articles Of Organization
The document that is filed with the appropriate state official, usually the secretary of state, when a limited liability company is formed.
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