The Data Above Shows the Net Working Capital Requirements for Flinder's

question 47

Multiple Choice

The data above shows the net working capital requirements for Flinder's Camping,a company that makes tents.All figures are in thousands of dollars.What can be considered the firm's permanent working capital?

• A)$390,000
• B)$510,000
• C)$720,000
• D)$1,030,000

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Definitions:

Intentional Torts

Intentional torts are wrongful acts done on purpose to harm another person, as opposed to accidentally, and can lead to civil liability.

Partnership

A legal form of business operation between two or more individuals who share management and profits. The specific terms are detailed in a partnership agreement.

Silent Partners

Investors in a partnership who contribute financially but do not participate in management or day-to-day operations of the business.

Partnership Debts

Debts that are the responsibility of the business partnership as a whole, not just of individual partners.