Question

Steelone enterprises is manufacturing high quality Steel utensils.the demand for steel is rising as people are getting aware that plastic is not good for health. This has lead to increase in the production of Steel utensils. To encourage sales, Steel loan enterprises declared a liberal credit policy,which allows 3 months credit to its wholesale buyers. In the light of the above,identify the two factors affecting capital requirements of Steel one enterprises. State with reasons, whether the factors are identified above, will result in high or low working capital requirement. Q9: Vandana public school had a vacancy of maths teacher. They were looking for a smart and creative teacher having a drive for excellence. An advertisement was given in all leading dailies. Since the response was huge,the school examine all the application forms and rejected the candidates who did not have the necessary qualifications. thereafter, a test was conducted to measure the existing skills of the candidates. after that it was followed by a formal in-depth conversation with the principal of the school and a panel of math expert. A) explain the steps that have been performed by Vandana public school in the process of identifying and choosing the best candidate. B) give the name and also the meaning of the test which was conducted by the school​

Answer 1

Answer:

Steelone Enterprises is manufacturing high quality steel utensils. The demand for steel utensils is rising as people are getting aware that plastic is not good for health. This has led to increase in production of steel utensils. To encourage sales, Steelone Enterprises declared a liberal credit policy which allows three months credit to its wholesale buyers.

In the light of the above, identify three factors affecting working capital requirements of the company. State with reason, whether the factors identified above, will result in high or low working capital requirement..