Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Permanentworking capital is 1. The amount of funds that are required in the seasonal and or cyclical demand of goods and services 2. The amount
Permanentworking capital is
1. | The amount of funds that are required in the seasonal and or cyclical demand of goods and services |
2. | The amount of funds that are required to satisfy demand of goods and services at its lower point |
3. | The amount of funds that are required to purchase long term assets |
4. | The amount of funds that are required to pay long term liabilities |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started