A ________ can easily be converted to cash, such as accounts receivable and notes receivable.
A. pro forma
B. cash flow
C. current asset
D. balance sheet
Answer: C
You might also like to view...
Balser Corporation manufactures and sells a number of products, including a product called JYMP. Results for last year for the manufacture and sale of JYMPs are as follows: Sales $960,000 Less expenses: Variable production costs$464,000 Sales commissions 144,000 Salary of product manager 100,000 Fixed product advertising 160,000 Fixed manufacturing overhead 132,000 1,000,000 Net operating loss $(40,000)Balser is trying to decide whether to discontinue the manufacture and sale of JYMPs. All expenses other than fixed manufacturing overhead are avoidable if the product is dropped. None of the fixed manufacturing overhead is avoidable.Assume that dropping Product JYMP will have no effect on other products. The annual financial
advantage (disadvantage) for the company of eliminating this product should be: A. ($132,000) B. ($92,000) C. $40,000 D. ($172,000)
Kyrgyzstan is a small, poor, mountainous country with a predominantly agricultural economy. Cotton, wool, and meat are the main agricultural products and exports. Fifty-one percent of the population lives in poverty
Kyrgyzstan is an example of a(n) ________. A) BRIC country B) subsistence economy C) industrializing country D) raw materials exporting economy E) post-industrial economy
Auditors are considered the ______________ for the stakeholders.
a. Influencers b. Decision makers c. Gatekeepers d. Specifiers
The Lei Fund had a risk-adjusted rate of return (RAROR) last year of -3.0%. This means
A) the fund underperformed the overall market. B) the fund outperformed the overall market. C) the overall market performed poorly. D) the fund had a negative beta.