Which of the following is classified as a short-term investment?
A) marketable securities
B) real estate investments
C) fixed assets
D) highly illiquid equity securities that are expected to be held for more than one year
A
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The synopsis of a formal report is
A) a concise overview of the report's most important points. B) a short summary containing subheadings and visual aids. C) usually anywhere from two to five pages. D) never more than five lines in length. E) never longer than a single sentence.
The recapture of net working capital at the end of a project will
A) decrease terminal year free cash flow by the change in net working capital times the corporate tax rate. B) increase terminal year free cash flow. C) have no effect on the terminal year free cash flow because the net working capital change has already been included in a prior year. D) increase terminal year free cash flow by the change in net working capital times the corporate tax rate.