Choose the Word or Phrase in [ ] Which Will

question 173

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The cost of buying shares in a load fund is [high | low] compared to the commissions charged for buying stock.

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Definitions:

Normal Operating Cycle

The average time period between when a company purchases raw materials for production and when it receives cash from selling the finished goods.

Current Liability

Current Liability is a company's financial obligation that is due to be paid within one year or within the normal operating cycle of the business.

Classified Balance Sheet

A financial statement that segregates assets and liabilities into short-term and long-term categories, providing a detailed view of a company's financial health.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered or used but not yet paid for.