Current assets are assets expected to be converted to cash, sold, or consumed.

A. Within the next 12 months or within the business’s normal operating if less than a year.
B. Within the next 12 months or within the business’s normal operating if longer than a year.
C. Within the next 6 months.
D. Within the next 24 months.

Which analyst position analyzes information using mathematical models to business managers make decisions? -budget analyst -management analyst -credit analyst -operations research analyst

Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund

You get your monthly banking statement and notice that the number is lower than expected. you decide that you should create a cash flow statement. why are cash flow statements useful in managing money? what are the steps in creating a statement?