PROJECT ACCOUNTINGⅣ ◆ Accounts receivable Money owed to the business for goods shipped or ded services provice ◆ Accounts Payable Money owed by the business to suppiers and employees (payroll amdfpr taxes o Working Capital(Wcap Money set aside by the business to A Provide a buffer between accounts payable and accounts receivable a Provide funds for emergency repairs, etc. Rule of Thumb: Wcap =15% of Total Investment 10/1899 Engineering economics ll10/18/99 Engineering Economics II 7 PROJECT ACCOUNTING IV t Accounts Receivable Money owed to the businsess for goods shipped or services provided t Accounts Payable Money owed by the business to suppiers and employees (payroll) amd fpr taxes t Working Capital (Wcap) ð Money set aside by the business to X Provide a buffer between accounts payable and accounts receivable X Provide funds for emergency repairs, etc. Rule of Thumb: Wcap = 15% of Total Investment