All purchases and sales are made on a cash basis and no inventory of raw materials or work in progress is carried. Crag Co intends to finance permanent current assets with equity and fluctuating current assets with its overdraft.
In relation to finished goods inventory and assuming a 360-day year, how much finance will be needed from the overdraft?
A.$10m
B.$17m
C.$30m
D.$40m
第1题
A.Producing annual accounts
B.Producing monthly management accounts
C.Advising on investment in non-current assets
D.Deciding pay rates for staff
第2题
A.$1·60
B.$0·40
C.$0·50
D.$1·50
第3题
A.1 only
B.1 and 3
C.2 and 4 only
D.2, 3 and 4
第4题
A.$82·71
B.$73·47
C.$67·26
D.$94·20
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