Answer:
a. liable for negligence or mismanagement.
Explanation:
Given that,
The cost of the improper loans = $100,000
Since the director of the Super Service Station Corporation does not attend a board meeting for three years plus the president Twyla had done the improper loans that reflect the mismanagement as without knowing the credit history of the people how it could make the loans.
Moreover, there is no guarantee of returning the money so he is totally liable for his negligence or mismanagement
Answer:
C. Expenditures
Explanation:
Based on the information provided within the question it can be said that the Parks Department should use an expenditures account to record these billings. Expenditures refers to the action of spending funds to purchase goods or services on behalf of the company. Such purchases can include vehicle rentals like what was billed for the Parks Department.
The initial net working capital requirement for this project exists $69,000.
<h3>What is meant by net working capital?</h3>
The difference between a company's current assets such as cash, accounts receivable/unpaid invoices from customers, and inventories of raw materials and completed goods and its current liabilities such as debts and accounts payable is known as working capital, sometimes known as net working capital (NWC).
The difference between a company's current assets and current liabilities is known as net working capital. A company's balance sheet is used to calculate net working capital. The more net working capital you have, the more probable it is that your business will be able to pay its present commitments.
net working capital requirement = $61,000 − 28,000 + 36,000
net working capital requirement = $69,000
The initial net working capital requirement for this project exists $69,000.
To learn more about net working capital refer to:
brainly.com/question/26214959
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You’d like to borrow money because it will fund for whatever you want to purchase or fund, but you’ll have to give it back and depending on interest it would be more expensive.
