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Boyes Beach Wear is adding a new product to its sales lineup. Initially, the firm will stock $22,000 of inventory, which will be purchased on
Boyes Beach Wear is adding a new product to its sales lineup. Initially, the firm will stock $22,000 of inventory, which will be purchased on 30-days credit from its supplier. The firm will also invest $16,000 in accounts receivable and $54,000 in equipment. What amount should be included in the initial costs for net working capital? Select one: O a. -$38,000 O b. -$16,000 O c. -$6,000 O d. $0
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