Use the Table for the Question(s)below

question 27

Multiple Choice

Use the table for the question(s) below.
The quarterly working capital levels for Hasbeen Toys are presented in the following table (in $ millions) :
-The permanent working capital needs for Hasbeen Toys is closest to:

• A)$1100 million
• B)$2435 million
• C)$1275 million
• D)$770 million

---

Definitions:

Stock Certificate

Formal document issued to investors in a corporation that shows the number of shares purchased.

Voucher System

A method of accounting in which each transaction is recorded through the use of a document, or voucher, ensuring expenditures are authorized and recorded accurately.

Paid Voucher File

Holds paid vouchers filed either in sequential order by voucher number or alphabetically by creditor’s name.

Vouchers Payable

An accounting term for records of payable amounts for goods or services received, pending payment to suppliers.