What is a risk associated with keeping liquid assets?
What will be an ideal response?
Answer: One risk is the more cash you have, the more you're tempted to spend. Access to cash or even credit can open the door to impulse purchasing. This is the downside of liquidity, which can also affect your cash management and budget. Cash management doesn't only involve deciding where to keep your cash; it involves managing your money and staying within your budget.
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Last year, RJT Enterprises had average inventories (raw materials, work-in-process, and finished goods) of $7.5 million. During this same year the cost of goods sold was $30 million. The company operates 50 weeks per year
a. What is their total inventory (measured as weeks of supply)? b. What is their inventory turnover?
Which of the following would suffice for a signature on a writing under the statute of frauds?
A) A stamped signature B) A handwritten signature C) A name keyed at the bottom of an e-mail D) Any of the above would suffice. Judges define "signature" very broadly.
Why would you need an antivirus scanning client if you could just use an online scanner?
What will be an ideal response?
The ________ is the master document that contains an employee's marital status, deductions, and year-to-date earnings.
A) Payroll register B) Form W-4 C) Employee earnings record D) Personnel file