Examlex
Syntax Systems has launched a new electronic newsletter. Similar to the use of a listserv, the newsletter is composed of subscriber submissions (rather than content generated by the news service itself) . Each day's accumulated subscriber submissions are automatically packaged and automatically sent by mass email without editorial review. (In fact, the whole point of the newsletter is that no one knows what anyone else will say until it is disseminated.) Revenue for the newsletter is generated through automated advertising. Which of the following is most likely to be TRUE?
Accounts Receivable
Accounts receivable refers to the amount of money that customers owe to a company for goods or services that have been delivered but not yet paid for.
Cash
Liquid currency and assets readily convertible into cash, used to fund day-to-day operations and transactions.
Liquidity
A measure of how easily assets can be converted into cash without losing value.
Obligations
Responsibilities or duties bound by law or contract that one party owes another, including the repayment of debts or fulfilling contractual agreements.
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