Answer:
a) True: Operating cycles for most businesses are less than one year.
b) True: If a business does not plan to use any of its current assets to repay a debt, then that debt is listed as long term even if it is due within a year.
c) False: The current ratio is computed by dividing current assets by net income.
d) True: The current ratio is a useful measure of a company's liquidity.
e) False: Liquidity is the ability of a business to repay liabilities in the long run.
Answer:
The answer is <em>American Recovery and Reinvestment Act </em>
Explanation:
The American Recovery and Reinvestment Act , 2009 was passed by the Congress on February 13,2009 during President Obama administration. It was meant for an economic stimulus package in order to cut the taxes, build more infrastructure,investing in green energy, rural community programs etc.
Answer:
1. Available to finance expenditure of the current period
Explanation:
Government Accounting is concerned with propriety i.e judicious use of resources and allocation of government funds so as to ensure efficient performance of government entities.
Efficiency refers to input/output ratio whereas effectiveness refers to achievement of government programs.
Government requires funds for allocation to various projects which require sanctioning by an authority.
In the same context, the concept of "available" refers to the availability of funds to meet the current period expenditure and liabilities.
Answer:
TRUE
Explanation:
Companies enter into strategic global business alliances for variety of reasons. One of the most important reasons is<u> to gain access to another company's knowledge or resources. </u>Companies can also decide to join forces to <u>develop new products or to enter a market that neither could enter alone</u>.
The best strategic alliances are those which help a company move quickly from one strategic group to another.
1<u>. aim at raising an industry's barriers to entry. </u>
<em>One characteristic of strategic alliance is that a well-conceived alliance can mean a head start in a market, </em><em><u>possibly even preventing other competitors from entering. </u></em>
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<u>2, are those whose purpose is to create an industry key success factor. </u>
<em>Forming strategic alliances is one approach to establishing standards in an industry. </em>
<u>3. are highly selective, focusing on particular value chain activities and on obtaining a particular competitive benefit. </u>
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<em>Strategic Alliances involves sharing research and development costs and facilities provides good value for money, </em><em><u>while sharing expertise can speed up the process.</u></em><em> The sharing of expertise is to obtain a particular competitive benefit.</em>
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4. involve joining forces in R&D to develop new technologies cheaper than a company could develop the technology on its own.
<em>As stated in point 3 above, </em><em><u>Sharing research and development costs and facilities provides good value for money</u></em><em>, while sharing expertise can speed up the process. </em>
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