Cash and all other assets expected to be converted into cash or consumed within one year or the normal operating cycle of the business, whichever is longer, are called ____________________

Fill in the blank(s) with correct word


current assets

Business

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Regardless of the cost accounting system used, when the products are completed, they are transferred from work in process inventory to finished goods inventory

Indicate whether the statement is true or false

Business

Which of the following statements is CORRECT?

A. If a company has two classes of common stock, Class A and Class B, then the stocks may pay different dividends, but under all state charters the two classes must have the same voting rights. B. The preemptive right gives stockholders the right to approve or disapprove of a merger between their company and some other company. C. The preemptive right is a provision in the corporate charter that gives common stockholders the right to purchase (on a pro rata basis) new issues of the firm's common stock. D. The stock valuation model, P0 = D1/(rs - g), cannot be used for firms that have negative growth rates. E. The stock valuation model, P0 = D1/(rs - g), can be used only for firms whose growth rates exceed their required returns.

Business

Impression management is integral to effective leadership because followers have images of ideal leaders called ______.

A. prototypes B. stereotypes C. deification D. referent power

Business

Which of the following is not a true statement about mutual funds?

A) They are managed by professional managers. B) Proceeds are only invested in stocks. C) A minimum investment is required. D) The value of shares is reported in The Wall Street Journal.

Business