The concept of permanent current operating assets reflects the fact that some components of current assets do not shrink to zero even when a business is at its seasonal or cyclical low. Thus, permanent current operating assets represent a minimum level of current assets that must be financed.
Answer the following statement true (T) or false (F)
True
Business
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A company receives a 10%, 90-day note for $5100. The total interest due on the maturity date is: (Use 360 days a year.)
A. $127.50. B. $297.50. C. $510.00. D. $170.00. E. $255.00.
Business
Under the UCC statute of frauds, the writing for a sale of goods must:
a. state quantity. b. state price. c. be signed by both parties. d. be notarized.
Business
The Family and Medical Leave Act provides all of the following EXCEPT
A. up to 12 weeks of unpaid leave. B. promotions missed during leave. C. continuation of medical benefits. D. job protection.
Business
A limited liability partnership must be formed in compliance with state statutes.?
Indicate whether the statement is true or false
Business