What is the difference between assets and liquid assets? a. all assets represent money, but only liquid assets can be easily turned into spendable money and used to pay debts. b. an asset represents a credit or a positive value, while a liquid asset represents a debit or a negative value. c. assets are money gained from your job, while liquid assets are money gained from sources such as investments or inheritances. d. an asset is owned by you alone, while a liquid asset is shared among several people, such as a married couple or a group of investors.

The answer is a. All assets represent money, but only liquid assets can be easily turned into spendable money.

Because this is the definition of liquid assets: A liquid asset is cash on hand or an asset that can be readily converted to cash. An asset that can readily be converted into cash is similar to cash itself because the asset can be sold with little impact on its value.

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?