Margie has just been promoted to the position of working capital manager. As part of her duties, Margie will be responsible for:
A) Allocating manufacturing overhead.
B) Controlling labour costs.
C) Pricing manufactured goods.
D) Managing long-term debt.
E) Overseeing accounts payable.

Question

Quizplus · Accepted Answer

The role of a working capital manager primarily involves managing the company's short-term assets and liabilities to ensure it has sufficient liquidity to run its operations. Overseeing accounts payable is directly related to managing short-term liabilities, making it a key responsibility of a working capital manager. Other options like allocating manufacturing overhead, controlling labor costs, pricing manufactured goods, and managing long-term debt are not directly related to the management of working capital.

Margie Has Just Been Promoted to the Position of Working