Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Working capital management involves managing a company's short-term assets and liabilities in order to ensure its smooth operations and financial health. It primarily focuses on

Working capital management involves managing a company's short-term assets and liabilities in order to ensure its smooth operations and financial health. It primarily focuses on maintaining optimal levels of current assets, such as cash, accounts receivable, and inventory, while efficiently managing current liabilities, such as accounts payable and short-term debt. The goal of effective working capital management is to maximize liquidity, minimize costs, and optimize profitability.

Question: Which of the following is NOT a primary objective of working capital management?

A) Maximizing liquidity B) Minimizing costs C) Maximizing long-term investments D) Optimizing profitability

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Essentials For Hospitality Managers

Authors: Chris Guilding, Kate Mingjie Ji

4th Edition

1032024321, 9781032024325

More Books

Students also viewed these Accounting questions

Question

What are the objectives of job evaluation ?

Answered: 1 week ago

Question

Write a note on job design.

Answered: 1 week ago

Question

Compute the derivative of f(x)cos(-4/5x)

Answered: 1 week ago

Question

Discuss the process involved in selection.

Answered: 1 week ago

Question

2. What are the prospects for these occupations?pg 87

Answered: 1 week ago