Question
Do the following events INCREASE or DECREASE or have NO EFFECT on net working capital? A) Inventory is purchased on credit. B) A $100 account
Do the following events INCREASE or DECREASE or have NO EFFECT on net working capital?
A) Inventory is purchased on credit.
B) A $100 account receivable is discounted and sold for $97 cash. Decrease
C) The company has an open invoice for $100 but then chooses to take the 2% discount offered and pay $98 if paid within 10 days.Increases
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Finance And Control For Construction
Authors: Chris March
1st Edition
0415371155, 978-0415371155
