Assets that are readily converted into cash are termed liquid assets.

a. True

b. False

At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $9,360 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months.

Carolina mills purchased $260,000 in supplies this year. the supplies account increased by $11,000 during the year to an ending balance of $59,000. what was supplies expense for carolina mills during the year

A business may decide to pay employee salaries every week, every two weeks, twice a month, or once a month. True or False?

A company is considering the purchase of a new machine for $66,000. Management predicts that the machine can produce sales of $22,000 each year for the next 10 years.

company has reported gross margin in prior periods of 15.5%. 15.4%, 15.7% and 15.6% it recently launched a successful more profitable new products that is 20%of sales. what is the most likely gross margin for the coming quarter?

What is the difference between capital gain and capital loss?

g The Council of Economic Advisors to the President of a country reported gross investment expenditure at $400,000 during a particular year.

What are the order of in which management can take legal action against a employee

What best describes an entrepreneur? a. Someone who initiates and assumes the financial risk of a new business enterprise. b. A person who knows how to evaluate which stocks to purchase. c. Someone who can expertly manage other people's investments.

JRN Enterprises just announced that it plans to cut its dividend from $3.50 to $2.50 per share and use the extra funds to expand its operations.