Cash and investments that can be easily converted into cash are termed

A) capital assets.
B) liquid assets.
C) illiquid assets.
D) depositable assets.
E) None of the above are correct.


Answer: B

Business

You might also like to view...

Which of the following is NOT an implication of globalization of business?

a. Globalization means a business can sell in a foreign country. b. Globalization means a business can manufacture products in a foreign land. c. Globalization means a business can buy materials from overseas suppliers. d. Globalization means a business can avoid payment of tariffs on goods and services.

Business

Which one of the following statements is FALSE concerning a job objective?

a. A job objective helps the interviewer determine if what you have to offer matches the job the company has to offer. b. A job objective should be specific to one job. c. Some experts say that a job objective may limit your job opportunities. d. A job objective should reveal your career goal.

Business

McGrath's produces and sells two types of t-shirts—Fancy and Plain

The company provides the following data: Budget Actual Unit sales price-Fancy $24 $25 Unit sales price-Plain $18 $17 Unit sales-Fancy 1,300 1,250 Unit sales-Plain 900 875 Compute the flexible budget variance for Fancy t-shirts for sales revenue. What will be an ideal response

Business

Arrivals in a university advising office during the week of registration are known to follow a Poisson distribution with an average of 4 people arriving each hour

(a) What is the probability that exactly 4 people will arrive in the next hour? (b) What is the probability that exactly 5 people will arrive in the next hour?

Business