To qualify as a cash equivalent, an investment must:
A. Be easily convertible into a known cash amount
B. Be three months or more from maturity
C. Be over $500,000 in amount
D. All of the above
Ans: A. Be easily convertible into a known cash amount
Business
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A cost center
a) is a responsibility center which generates profits and evaluates the investment cost of earning the profit. b) only incurs costs and does not directly generate revenues. c) incurs costs and generates revenues. d) is a responsibility center of a company which incurs losses.
Business
Retail stores can be classified in terms of several characteristics. Name four of them
What will be an ideal response?
Business