Cash equivalents represent _____ in which a firm has temporarily placed excess cash. We use the term cash flows to refer to flows of both cash and cash equivalents
a. long-term, highly liquid investments
b. short-term, highly liquid investments
c. short-term, highly illiquid investments
d. long-term, highly illiquid investments
e. common stocks and bonds of other companies
B
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The date that a promissory note is due is the_____________
Fill in the blank(s) with correct word
The amount of the outstanding checks is included on the bank reconciliation as a(n)
A) deduction from the balance per company's records B) addition to the balance per bank statement C) deduction from the balance per bank statement D) addition to the balance per company's records
M and M, Inc. produces a product that has a variable cost of $3.00 per unit. The company's fixed costs are $30,000. The product is sold for $5.00 per unit and the company desires to earn a target profit of $20,000. What is the amount of sales that will be necessary to earn the desired profit?
A. $50,000 B. $75,000 C. $83,333 D. $125,000
Statutes that allow the U.S. Congress to create federal administrative agencies are called ________
A) enabling legislation B) substantive rules C) procedural rules D) ex post facto laws