Jim's Hardware is adding a new product line to its sales lineup.Initially,the firm will stock $41,000 of the new inventory,which will be purchased on 30 days' credit from a supplier.The firm will also invest $6,000 in accounts receivable and $4,000 in equipment.What amount should be included in the initial project costs for net working capital?
A) -$41,000
B) -$37,000
C) -$10,000
D) -$6,000
E) -$2,000
Correct Answer:
Verified
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