Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. lottie's boutique needs to maintain 20% of its sal

Lottie's Boutique needs to maintain 20% of its sales in net working capital. Lottie's is...

90.2K

Verified Solution

Question

Finance

Lottie's Boutique needs to maintain 20% of its sales in net working capital. Lottie's is considering a three-year project that will increase sales from their current level of $110,000 to $130,000 the first year and $145,000 a year for the following two years. What amount should be included in the project analysis for the last year of the project in regards to the net working capital?

Select one:

a. -$35,000

b. -$7,000

c. $0

d. $7,000

e. $35,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

subject of the sentence is doing something In the passive voice the subject does not...

Basic Math
Q

The members of the Job Evaluation Committee should have three to five competent people who can...

General Management
Q

Which sentence is true of group behaviors OA Group behaviors are performed only by mammals...

Biology
Q

Find the eccentricity of the conic section shown in the graph 2 y 5 10...

Geometry
Q

Section 2 Knowledge Understanding Directions For each of the questions in this section show all...

Basic Math
Q

Let v 5i 3j Find 3v point s possible

Basic Math
Q

If a car travels 37 miles per gallon of fuel (in other words, the car...

Basic Math
Q

Pit in the tabie using this function rule y 6x 2

Algebra
Q

Exercise 21 On January 1, 2017, Stellar Corporation signed a 5-year noncancelable lease...

Accounting
Q

4.Financial Statements, Cash Flow, and Taxes: Federal Income Taxes Individuals and firms...

Accounting
Q

The Weber Company purchased a mining site for $625,647.00 on July 1. The company expects...

Accounting
Q

need help with this question Part 2. (5pts) Vasicek Model. Suppose that you have...

Finance