To be classified as a current asset, marketable securities must be readily convertible into cash and
a. traded on the New York Stock Exchange.
b. must be sold prior to the longer of 6 months or the number of months until fiscal year-end.
c. have a short-term maturity.
d. management must intend to convert the securities to cash when necessary.
e. be issued by the U.S. Treasury.
D
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In Step 2 of the Biomimicry Design Spiral, scientists "biologize" the problem by asking what question?
a. How does nature achieve this function in the environment? b. How does nature NOT perform this function? c. What are the climate and nutrient conditions where this function is performed? d. Is there a social aspect for the organization in nature? e. All of the above help biomimicry "biologize" the problem.
Estimated residual value can be zero if the company does not expect to receive anything when disposing of the asset
Indicate whether the statement is true or false
Seyall Industries has been successfully sued by employees who felt that they had an implied contract and were wrongfully terminated. Going forward, one way Seyall Industries can avoid these types of lawsuits is to have written proof that employees have read the employment-at-will disclaimers.
Answer the following statement true (T) or false (F)
Which of the following is a main activity of the sales process?
A) procurement B) payment C) storage D) manufacturing