Table 15.1 Irish Air Services Has Determined Several Factors Relative to Its

question 222

Multiple Choice

Table 15.1
Irish Air Services has determined several factors relative to its asset and financing mix.
(a) The firm earns 10 percent annually on its current assets.
(b) The firm earns 20 percent annually on its fixed assets.
(c) The firm pays 13 percent annually on current liabilities.
(d) The firm pays 17 percent annually on long-term funds.
(e) The firm's monthly current, fixed, and total asset requirements for the previous year are summarized in the table below:
-If the firm's current liabilities in June were $37,000, the net working capital was ________. (See Table 15.1)

• A) $20,000
• B) $21,500
• C) $23,000
• D) $38,000

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Definitions:

Enterprise Resource Planning

A software architecture that facilitates the flow of information among all business functions inside the boundaries of the organization and manages the connections to outside stakeholders.

Business Processes

Sequences of tasks or activities conducted by an organization to produce a specific outcome or value.

Software Upgrade

A software upgrade involves installing a more recent version of a software application to improve its functionality, security, or performance.

Bills of Material

A comprehensive list of materials, components, and assemblies required to build a product.