What is defined as the current assets minus inventories and prepaid expenses ?

Related Mcqs:

1. What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation ?

   A. Bond B. T-bills C. Stock D. Promissory note...

2. All are classified under direct labor expenses EXCEPT one. Which one ?

   A. Inspection cost B. Testing cost C. Assembly cost D. Supervision cost...

3. R.M.O. expenses include___________________?

   A. Running expenses B. Maintenance expenses C. Operation expenses D. All the above...

4. What is another term for “current assets” ?

   A. Fixed assets B. Non-liquid assets C. Liquid assets D. Ccash...

5. What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled ?

   A. Authorized capital stock B. Preferred stock C. Incorporator stock D. Common stock...

6. What refers to the residual value of a company’s assets after all outside liabilities (shareholders excluded) have been allowed for ?

   A. Dividend B. Equity C. Return D. Par value...

7. The ability to convert assets to cash quickly is known as ________________?

   A. Solvency B. Liquidity C. Leverage D. Insolvency...

8. What bond whose security is a mortgage on certain specified assets of the corporation ?

   A. Registered bond B. Collateral trust bond C. Mortgage bond D. Debenture bond...

9. What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want ?

   A. Services B. Goods C. Commodities D. Goods or commodities...

10. The detention time (t) of a settling tank, may be defined as the time required for_________________?

    A. A particle to travel along its length B. A particle to travel from top surface to bottom sludge zone C. The flow of sewage to fill the tank D. None of these...