A Firm Currently Has Sales of $382,000 and Net Working

question 55

Multiple Choice

A firm currently has sales of $382,000 and net working capital of $45,840.Assume net working capital changes in direct proportion to sales.What will be the increase in net working capital if sales increase by 8%?

• A) $1,222
• B) $2,809
• C) $3,091
• D) $3,667

Identify the various financial institutions and markets in Canada.

Comprehend the differences between types of business structures and their taxation.

Understand the implications and mechanisms of management compensation strategies in alignment with shareholder interests.

Recognize the processes and parties involved in corporate governance and securities transactions.

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Definitions:

Church

A building used for public Christian worship or the organizational structure of religious Christian communities.

Physiocrats

A group of 18th-century economists who believed that the wealth of nations was derived solely from the value of land agriculture or land-based products.

Wealth

A measure of the value of all the assets of worth owned by a person, community, company, or country.

Land

The solid surface of the earth that is not covered by water, or the property and natural resources found on it, often considered in terms of ownership and use.