Which of the following statements concerning the impacts that salt use played in past or present societies is FALSE?Single choice
Goiters and some types of intellectual disabilities are caused by a lack of salt, so providing salt to everyone helps to reduce those conditions.
Salt is often found in small quantities along tropical coastlines because it can naturally precipitate out of seawater as the water evaporates away.
Because of its importance, salt was widely traded and in some societies was considered a sacred substance used to bless marriage or unions.
China was the first society known to have centralized their production of salt and to then tax salt as a revenue source for their government.
Salt springs in upper New York not only played a pivotal role during the Revolutionary War, but also the later development of the Erie Canal.
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Which of the following statements concerning the impacts salt (NaCl) or salt use has played in past societies is FALSE?
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Pedersen Industries wants to initiate a new project. To facilitate the project, an increase in cash of $20,000 will be required and the firm needs to build up $15,000 in inventory. The firm is expecting revenues of $500,000 per year and cost of goods sold (COGS) of $400,000. Pedersen Industries is expecting that Accounts Receivables (AR) will account for 5% of annual sales and Accounts Payables (AP) will account for 10% of COGS. All these changes will occur in year t=1. What is the incremental cash flow effect from the change in Net Working Capital (NWC) in year 1?
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