Which of the following current assets is the LEAST liquid? a. Inventories b. Cash c. Accounts receivable
Question:
Which of the following current assets is the LEAST liquid?
a. Inventories
b. Cash
c. Accounts receivable
d. Net receivables
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (13 reviews)
Answered By
Madhur Jain
I have 6 years of rich teaching experience in subjects like Mathematics, Accounting, and Entrance Exams preparation. With my experience, I am able to quickly adapt to the student's level of understanding and make the best use of his time.
I focus on teaching concepts along with the applications and what separates me is the connection I create with my students. I am well qualified for working on complex problems and reaching out to the solutions in minimal time. I was also awarded 'The Best Tutor Award' for 2 consecutive years in my previous job.
Hoping to get to work on some really interesting problems here.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
Question Posted:
Students also viewed these Business questions
-
Indicate which of the following current assets and current liabilities are operating accounts (0) and thus included in the adjustment of net income to cash flow from operating activities and which...
-
Multiple Choice Questions 1. Which of the following is least likely to be classified as a citys general capital assets? a. Roads and bridges b. Electric utility lines c. Computers used by the police...
-
Multiple Choice. Choose the best answer. 1. Which of the following would be included as part of a governmental reporting entity? a. A primary government and any legally separate organization located...
-
Firms raise capital from investors by issuing shares in the primary markets. Does this imply that corporate financial managers can ignore trading of previously issued shares in the secondary market?
-
Lowell Company's December 31, 2014, trial balance includes the following accounts: Inventory $120,000; Buildings $207,000; Accumulated Depreciation-Equipment $19,000; Equipment $190,000; Land (held...
-
A corporation has total stockholders' equity of \(\$ 4,628,000\) and one class of \(\$ 2\) par value common stock. The corporation has 500,000 shares authorized; 300,000 shares issued; and 40,000...
-
Jonathan Law Firm performed legal services for a client who could not pay immediately. The business expected to collect the \($9,000\) the following month. Later, the business received \($5,400\)...
-
Parandah Electronics Ltd., located in England, assembles a standard electrical component from parts it purchases from various suppliers. The production process consists of several steps, starting...
-
Explain the three menu costing approaches widely used by restaurant managers. Apply theory in RM in Food and Beverage Operations
-
Bryan Trucking Corporation began business on January 1, 20X1, and consists of the parent entity, domiciled and operating in Country X, and a subsidiary operating in Country Y. Bryan is required, as a...
-
A hotel prepares it balance sheet in USALI recommended format. Which current liability would be listed FIRST on this hotels balance sheet? a. Notes payable b. Accounts payable c. Advanced deposits d....
-
A restaurant owner prepares a balance sheet on the last day of each month. On January 1 st . the owner pre-pays $24,000 for a one year liability insurance policy. What will be the balance in this...
-
Paul and Karen Kent are married, and both are employed (Paul earns $44,000 and Karen earns $9,000 during 2017). Paul and Karen have two dependent children, both under the age of 13 (Samuel and Joy)....
-
The underutilization of ICTs in nonprofits is common. What are the major barriers to effective use? What are some specific issues impacting technology use in human service organizations?
-
How does each of the four identified dimensions of communication (content, noise, network, and direction) figure into promoting effective exchanges in nonprofit organizations? What is the role of the...
-
Technology has had a major influence on the nonprofit workplace. In what ways have ICTs improved the quality of work life? How have they changed the dynamics in less positive ways?
-
What are some of the arguments for and against greater commercialization of the nonprofit sector?
-
Since diversification of funding sources seems so logical, why do some nonprofits resist going in this direction? How would you overcome this resistance?
-
Refer to the financial statements of Campbell Soup Company in Appendix A. Required: a. Estimate the amount of depreciation expense reported on Campbells tax returns for each of the Years 11, 10, and...
-
What is the mode?
-
Explain the concept of equivalent units assuming the weighted average method is used.
-
Explain why direct materials, direct labor, and overhead might be at different stages of completion at the end of a reporting period.
-
Why do colleges convert the actual number of students attending school to a full-time equivalent number of students?
-
The company has 200 000 non-redeemable preference shares in issue with a par value R100. Preference dividends are payable annually in arrears. The non-redeemable preference shares are currently...
-
The total interest paid was $3,455,854.51. The quarterly installments were $181,861.82. The value of the loan was $2,000,000. The interest rate is not known, but you do know the straightforward...
-
Your company's finance manager has asked you to analyze the advisability of selling a piece of land owned by the company. He has decided that he will only proceed to authorize the sale if the land...
Study smarter with the SolutionInn App