A Project Under Consideration by Bizet Co

question 47

Multiple Choice

A project under consideration by Bizet Co.will require the purchase of machinery for $50,000 and additional inventory for $15,000.Accounts receivable will increase by $12,000 and accounts payable by $14,000.Liability insurance will increase by $2,500 per year and utilities expense by $1,500 per year.What is the investment in working capital required by this project?

• A)$77,000
• B)$41,000
• C)$13,000
• D)$4,000

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Definitions:

Conscientiousness

One of the five major personality traits, characterized by being organized, responsible, and reliable.

Management Performance

The effectiveness and efficiency with which managers achieve business objectives, lead teams, and implement strategies.

Emotional Stability

A personality trait that refers to the consistency of an individual's mood and temperament.

Secure Attachment Style

A pattern of relationship behavior characterized by trust, a lack of concern with being abandoned, and the belief that one is worthy and well-liked.