The answer is because of personal characteristics because Kevin is the tallest person.
Answer: C. a bank loan due in 18 months.
Explanation:
Current liabilities include all the debt obligations that a company has in the current period.
This means that only debt obligations that mature within a year are to be considered current liabilities.
Bank loans that are due in 18 months are over a year and so have to be considered long-term liabilities not current liabilities.
Answer:
The required net working capital in the first year for the Sisyphean Corporation's project is closest to $5,928
Explanation:
In order to calculate the required net working capital in the first year for the Sisyphean Corporation's project we would have to use the following formula:
Net working capital required in the first year = 3 % of sales (cash) + 5% of sales (accounts receivable) + 10% of sales (inventories) - 5% of sales (accounts payable)
Net working capital required in the first year = 13% of sales = 13% of (2,400 units x $19)
Net working capital required in the first year = 13% of sales = 13% of ($45,000) = $5,928
The required net working capital in the first year for the Sisyphean Corporation's project is closest to $5,928
