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4 years ago

Which of the following is an example of an illiquid asset?

Business

1 answer:

denis23 [38]4 years ago

5 0

Answer:

The correct answer would be B, Money in a checking account.

Explanation:

Liquid assets are one in the category of assets that are ready to be converted into cash. Cash held by a company is the considered the liquid asset of the company. Or any assets which can be converted into cash without losing so much of its value is called a liquid asset. For example if a company holds gold bars as one of the assets, then this would be considered as the liquid asset because gold can easily be converted into cash in case of need. Account Receivables, Gold, deposits receipts, securities, bonds, etc are considered to be the liquid assets of the company after Cash.

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A plaintiff sued a chimney sweeping company for personal injury and property damages resulting from an explosion in her chimney

galina1969 [7]

Answer:

No, because the statement is not offered for its truth.

Explanation:

Hearsay is defined as a statement that is aimed at proving the truth of a matter.

So if a person makes a statement not aimed at proving the truth of a matter it is not hearsay.

In the given scenario the company offers to have its foreman testify that he had told the plaintiff not to use the fireplace for 24 hours to allow certain chemicals to evaporate.

This statement is offered as a way to test the knowledge of the plaintiff. To see if he was aware of the danger of in the space of 24 hours.

That statement was not issued as a way of showing that it was dangerous for the plaintiff to light a fire, only to test his knowledge. So it is not hearsay.

5 0

3 years ago

The unemployment rate in Economy X when it is growing normally is 5%. When Economy X is in a recession, the unemployment rate is

Ede4ka [16]

Answer:

The CYCLICAL unemployment rate while Economy X is GROWING IS 0%. The 5% unemployment rate is due to structural and FRICTIONAL factors.

Explanation:

there are basically three types of unemployment:

Frictional unemployment: voluntary and takes place when someone quits his/her job because they want to find a better job.
Structural unemployment: is not voluntary and happens when the workers do not possess the required skills to fill vacant jobs.
Cyclical unemployment: is not voluntary and happens when the economy is contracting and the businesses are forced to lay off workers.

7 0

3 years ago

What does the term cyber security refers to?

mina [271]

Cyber security is online protection from viruses, malware, and spam. There are security softwares that can be bought and downloaded to help protect and online user from unwanted or harmful code. It is important to always keep up-to-date and renew online security software to protect yourself from unwanted intrusions in the online world.

I hope this is what you’re looking for! :)

3 0

4 years ago

Justin signed a finance agreement for his rent purchase what is the total amount he will pay back under this agreement?

Svet_ta [14]

Answer:

3072

Explanation:

3 0

3 years ago

Read 2 more answers

Book Values versus Market Values In preparing a balance sheet, why do you think standard accounting practice focuses on historic

Pachacha [2.7K]

Answer:

Historical costs is objectively and precisely measured, whereas market values can be difficult to estimate, and different analysts would come up with different

values.

Explanation:

In preparing a balance sheet it is customary for a company to value the assets and other items based on historical costs rather than market values.

For example if an asset is purchased at $20,000, this value will reflect in the balance sheet in subsequent years. Or future calculation will be based on this.

Let's say yearly depreciation is $1,000 then after on year the value will be $19,000, after two years $18,000 and so on.

This is more object than market value which varies at any one time.

Market value for an item will vary depending on location and the market.

6 0

3 years ago