Which Two of the Following Are the Primary Reasons Why

question 24

Multiple Choice

Which two of the following are the primary reasons why firms temporarily accumulate large cash surpluses?
I.cyclical activities
II.desire to invest funds
III.daily operations
IV.fixed asset purchases

• A)I and III only
• B)II and IV only
• C)I and II only
• D)III and IV only
• E)I and IV only

Analyze the conditions under which a contractual party can exercise rights of subrogation, reimbursement, contribution, and exoneration.

Identify legal protections available to parties involved in credit transactions and security agreements.

Recognize the effect of minor status on contract obligations and liabilities.

Understand the legal basis for artisans' liens and the conditions under which they're enforceable.

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Definitions:

Simple Interest

Interest figured only on the principal balance, or on the portion of the principal balance that is still due.

Closing Balance

The amount of money in an account at the end of a period, after all transactions have been accounted for.

Bank Account

A financial account maintained by a bank or another financial institution in which the deposits, withdrawals, and balances of a customer are recorded.

Maturity Value

The sum owed to an investor at the conclusion of a fixed-duration investment, encompassing both the original amount invested and the accrued interest.