Exercise 01 Instructions: Fill in the blanks with the best suited concept/ answer to the statement. - Wevking Copita eral. 1. equals current assets less current liabilities. ng the 2. In managing working capital, one should consider the trade-off between and 3. The financing of long-term assets with long-term debt is referred to as 4. Cash consists of and balance. ct be 5. Cash held for emergency purposes is referred to as a(n) 6. Excess cash that will be needed in the near future should be temporarily invested in e to securities. refers to lunds retained by the bank on a loan made to the company. ts ff 7. The term 8. The time required for a check to go from the maker to the päyee is referred to as 9. The time needed for a check to clear is referred to as. system is one in which a local bank picks up customer remissions from a 10. A(n). post office box. Page 117 of 161
Exercise 01 Instructions: Fill in the blanks with the best suited concept/ answer to the statement. - Wevking Copita eral. 1. equals current assets less current liabilities. ng the 2. In managing working capital, one should consider the trade-off between and 3. The financing of long-term assets with long-term debt is referred to as 4. Cash consists of and balance. ct be 5. Cash held for emergency purposes is referred to as a(n) 6. Excess cash that will be needed in the near future should be temporarily invested in e to securities. refers to lunds retained by the bank on a loan made to the company. ts ff 7. The term 8. The time required for a check to go from the maker to the päyee is referred to as 9. The time needed for a check to clear is referred to as. system is one in which a local bank picks up customer remissions from a 10. A(n). post office box. Page 117 of 161
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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