Current Assets

Please choose the most appropriate answer for each sentence.
  • 1

    A final liquidity ratio, the defensive interval, determines how long a company would be able draw on ..... assets to meet its day to day expenses; this can be especially useful when evaluating small technology companies or biotechnology companies that may have strong patents but no significant revenue as yet.

  • 2

    A contract cannot be ..... by one party unless both parties can be placed in the same situation and can stand upon the same terms as existed when the contract was made; the most obvious instance of this rule is where one party (by taking possession, etc) has received a benefit from the contract.

  • 3

    A property can have multiple loans or liens against it; the loan which is registered with county or city registry first is called the first position trust deed, and the lien registered second is called the second ......

  • 4

    ..... evolve rules that depend on technical market indicators only; in contrast, fundamentalists evolve rules that only take fundamental indicators into account.

  • 5

    A Section ..... Plan, available only to companies with 25 or fewer employees, permits a maximum contribution of the lesser of 15% of compensation or $30,000, and employees have the option of taking the employer contribution in cash, but must then pay income tax on it.

  • 6

    ..... security is one held by an investor who is likely to hang onto it for a long time.

  • 7

    With the sale of Chrysler complete, DaimlerChrysler will change its stock ..... on Frankfurt and New York exchanges this week; starting Thursday, the automaker's stock ticker will be changed from DCX to DAI on the DAX-30 index of companies in Frankfurt and on the New York Stock Exchange.

  • 8

    The first tax ..... prepared for the territory bears the date of October 6, 1800, and the names of only twelve taxable dwellers within the Holland Purchase appear on it; the hamlet cannot have been of much consequence to the collector of taxes, for the total amount he could collect there under that assessment was $4.55.

  • 9

    The cost of equity ..... decreases because of globalization for two important reasons: first, the expected return that investors require to invest in equity to compensate them for the risk they bear generally falls, and second, the agency costs that make it harder and more expensive for firms to raise funds become less important.

  • 10

    Option grants usually have ..... periods; companies usually set a three to five year period, which means that a grant of 3,000 options with a three year period will give you the right to purchase a thousand shares of the company's stock over each of the next three consecutive years.

Do you like our tests? Check out our shop!

We have ESL, TOEIC, TOEFL test compilations and much more!