TSI IncHas Enough Liquid Assets to Finance Its Operations for 67

question 59

Multiple Choice

TSI Inc.has enough liquid assets to finance its operations for 67 days and cash, marketable securities, and receivables totaling $1,000.TSI's average daily expenditures from operations are:

• A)$6.70
• B)$8.23
• C)$14.93
• D)$22.28 67 days = 1000/average daily expenditures

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Definitions:

Initiation Complex

A complex of proteins and RNA that forms on mRNA to begin the process of translating RNA into a polypeptide chain in the cell.

Nonsense Mutation

A base-pair substitution mutation that results in an amino acid–specifying codon being changed to a termination (stop) codon; when the abnormal mRNA is translated, the resulting protein is usually shortened and nonfunctional. Compare with missense mutation.

Codon

A sequence of three nucleotides that together form a unit of genetic code in a DNA or RNA molecule, representing a specific amino acid.

Termination Codon

A nucleotide triplet within messenger RNA that signals the end of translation, resulting in the release of the newly synthesized protein.