All categories

3 years ago

Of the items in the following lists, which go from most liquid to least liquid?

Business

1 answer:

Anvisha [2.4K]3 years ago

4 0

Answer:

D) a checking account, a certificate of deposit, shares of stock, a new vehicle

Explanation:

Being liquid refers to the ability of an asset to convert to cash easily. A liquid asset is one that can be converted to very quickly. The least liquid asset is one that takes a lot of time and effort to convert to cash. Cash is the most liquid asset, as it does not require any conversion.

Cash in the bank is treated as cash. It is highly liquid because conversion is not needed. From the list provided, the motor vehicle will be the least liquid. It is a tangible asset that requires an unspecified amount of time to dispose of. At times buyers can be identified after a lengthy period. A certificate of deposit is fairly liquid as its maturity period is anywhere between days and nine months.

You might be interested in

When channel members are linked by legal agreements that specify each member's rights and responsibilities, ____ exists.

Ne4ueva [31]

Answer:

D. a contractual VMS

Explanation:

A contractual VMS is a Vertical Marketing System that is formed by the individual firms operating at different channel layers.

Has integrated operations at a contractual basis and each layer helps in the achievement of the economy of scale by the integration of their operations.

<u>Hence they share their rights and responsibilities be it the producer, the wholesaler, or the retailer thus having all the elements of production and distribution channel fall in a single ownership in their legal agreements.</u>

4 0

3 years ago

So like is there anyone that likes twillzlers (yes ik i cant spell), trips on hot pockets, is really nice, likes orange and blue

antiseptic1488 [7]

Everything but the twizlers I don’t like them lol sorry -

5 0

2 years ago

Most CLEP exams correspond to blank college courses

Kamila [148]

True Because they have preperations for your tests

8 0

3 years ago

Diane is passionate about soccer and decides to open her own soccer sporting goods store. She invests her money, time, and effor

tigry1 [53]

Answer:

The answer is entrepreneur

Explanation:

Diane showed the trait of an entrepreneur. An entrepreneur is someone who tries to solve a particular problem or challenge by setting up a business. He takes up the risk and tries to fight it in order to be successful because of the passion he has for the business. Entrepreneur also sources for the capital for the business which can be in form of borrowed money or equity contribution.

8 0

3 years ago

Meir, Benson and Lau are partners and share income and loss in a 3:2:5 ratio. The partnership's capital balances are as follows:

sertanlavr [38]

Answer:

Journal Entry

a) Debit Capital- Benson $138,000 Credit Capital-North $138,000

b) Debit Capital- Benson $138,000 Credit Capital-Schmidt $138,000

c) Debit Capital-Benson $138,000 Credit Bank $138,000

d) Debit Capital-Benson $138,000 Debit Capital-Meir $28,500 Debit Capital-Lau $47,500 Credit Bank $214,000

e) Debit Capital-Benson $138,000 Debit Accumulated Depreciation $23,000 Credit Cash $30,000 Credit Equipment $70,000 Credit Capital-Meir $22,875 Credit Capital-Lau $38,125

Explanation:

a and b are the same with the same amount of capital transferred from one partner to another partner, it is just a matter of derecognizing Benson and recognize North or Schmidt.

c) Partner Benson is paid cash her capital,

d) decrease in meir's Capital = 214,000-138,000 = 76,000*3/8= $28,500

Decrease in Lau's Capital Account = $76,000 5/8 = 47,500

Excess funds are taken from capitals or income summary account of the partnership which will affect the capitals of the remaining partners

e) Meir's Capital = $138,000 -(70,000-23,000+30,000)

= $138,000-77,000

= $61,000*3/8 =$22,875

Lau = $61,000*5/8 =38,125

The Capital Accounts of the remaining partners will increase because of the gain made on buying out the leaving partner.

8 0

3 years ago