Use the Table for the Question(s)below

question 71

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) :

-In which quarter(s) are Hasbeen's seasonal working capital needs the greatest?

• A)4
• B)2
• C)3
• D)1
• E)1 and 2

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Definitions:

Fixed

Pertains to expenses that remain constant for a given period regardless of the level of production or business activity.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Estimated

An approximation or informed guess of a value, quantity, or outcome based on available data.

Budgeted Accounts Receivable

Predicts the amount of money owed to a business by its customers for sales made on credit during a specific period.