Which type of investment in securities must always be classified as a current asset?
A) held-to-maturity debt securities
B) available-for-sale securities
C) trading securities
D) none of the these, they may all be classified as current or long-term assets
C
You might also like to view...
Marketers can capitalize on consumer learning by designing marketing strategies thatÂ
A. encourage cognitive dissonance. B. promote reinforcement. C. complicate information searches. D. reduce ritual consumption. E. stimulate problem recognition.
An example of a guideline (or rule of thumb) for comparison is the 2:1 level for the current ratio and 1:1 level for the acid-test ratio.
Answer the following statement true (T) or false (F)
Kevin, an employee of Sunbeam, Inc, has gross salary for May of $7,000
The entire amount is under the OASDI limit of $117,000 and thus subject to FICA. He is also subject to federal income tax at a rate of 20%. Which of the following is a part of the journal entry to record the disbursement of his net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) A) debit to Cash for $5,064.50 B) credit to Cash for $5,064.50 C) debit to Employee Income Tax Payable of $5,064.50 D) debit to FICA Tax Payable of $5,064.50
Match each term with the correct statement below.
a. goal b. objective c. autocratic leadership d. democratic leadership e. laissez-faire leadership f. planning g. directing h. organizing 1. What is a broadly stated guideline that an organization wants to achieve? 2. What is a specific goal that states what is to be achieved and when it will be achieved? 3. What is the managerial function that involves issuing directives, assignments, and instructions? 4. What is a close style of supervision in which the manager specifies exactly what is to be done? 5. If a manager consults with subordinates before making decisions, what leadership style is being utilized?