# Consider the relative liquidity of the following assets:a. The funds in a money market accountb. A \$20 billc. A bond issued by a publicly traded companyd. Your carRequired:Write down the assets in order of their liquidity, from most liquid to least liquid.

1. A \$20 bill

2. A bond issued by a publicly traded company

3. The funds in a money market account

Explanation:

Liquidity means that how easily an asset can be converted into cash.

1. Currency is the most liquid means of medium of exchange, so \$20 bill is highly liquid asset.

2. A publicly traded bond can be converted into cash within a couple of days, so it is second most liquid asset.

3. The funds invested in the money market can be withdrawn within agreed period of time which can be in months or days so it can be at seconf or third most liquid asset.

4. A car can take more than a month to locate a customer to sell it at appropriate price so it is the least liquid asset.

The order of liquidity, from most liquid to least liquid, is: funds in a money market account, a \$20 bill, a bond issued by a publicly traded company, and your car.

### Explanation:

In order of liquidity, from most liquid to least liquid, the assets would be:

1. The funds in a money market account - Money market accounts are highly liquid and can be easily accessed and withdrawn.
2. A \$20 bill - Cash is also highly liquid and can be also easily used for immediate transactions.
3. A bond issued by a publicly traded company - Bonds are less liquid than cash but can still be sold relatively quickly on the market.
4. Your car - Cars are generally considered illiquid assets because they cannot be easily converted into cash without a time-consuming process.

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## Related Questions

In 2005, ABC Company issued \$100,000 of 20-year bonds at face value. Ten years later, in 2015, the company retired the bonds early by purchasing them in the open market at \$101,000. The entry to record this transaction includes a:

b. debit to Loss on Bond Retirement of \$1,000.

Explanation:

Options are "A.  credit to Gain on Bond Retirement of \$1,000.  B.  debit to Loss on Bond Retirement of \$1,000.  C.  debit to Bonds Payable of \$101,000.  D.  credit to Cash of \$100,000."

When a bond is retired before maturity a gain or loss may arise. In such case if the price paid to retire the bonds is greater the carrying amount of bonds then the company need to record a loss on retirement in the book. On the other hand if the price paid is less than the carrying amount of the bonds at retirement, then the company records a gain on retirement of bonds.

At DEC computers, according to the master schedule, the product mix for three different computers will be as follows: 50% product A, 30% product B, and 20% product C. For the coming year aggregate production quantity according to the aggregate plan is 10,400 units. The production will take place evenly throughout the year. Assuming 52 weeks per year, what is the weekly planned production for product Aa. 400
b. 200
c. 50
d. 100
e. 1000

Explanation: Its 100

Retirement planning should begin at what age?

60

Explanation:

Break-Even Sales and Sales to Realize Income from OperationsFor the current year ended October 31, Friedman Company expects fixed costs of \$14,300,000, a unit variable cost of \$250, and a unit selling price of \$380.a. Compute the anticipated break-even sales (units).unitsb. Compute the sales (units) required to realize income from operations of \$2,405,000.units

a. 110,000 units

b. 128,500 units

Explanation:

a. Compute the anticipated break even sales in unit

Break even point in unit = Total fixed cost / Contribution margin

Total fixed cost = \$14,300,000

Contribution margin per unit = Unit selling price - Unit variable cost

= \$380 - \$250

= \$130

Break even point in units = \$14,300,000 / \$130

= 110,000 units

b. Compute sales (units) required to realize income from operations of \$2,405,000

Break even point + expected profits = (total fixed costs + expected profits) / Contribution margin

° total fixed cost + expected profits

= \$14,300,000 + \$2,405,000

= \$16,705,000

°contribution margin per unit

= \$380 - \$250

= \$130

Break even point + expected profits in unit

= \$16,705,000 / \$130

= 128,500 units

Telfer, Inc. reported net income of \$2.3 million in 2020. Depreciation for the year was \$157,100, accounts receivable decreased \$329,900, and accounts payable decreased \$302,000. Compute net cash provided by operating activities using the indirect method.

\$2,479,600

Explanation:

The computation of the operating activities via indirect method is shown below:

Cash flow from operating activities

Net income = \$2,300,000

Add : Depreciation for the year \$157,100

Add: Decrease in account receivable \$329,900

Less: Decrease in account payable -\$302,000

Net cash flow provided by operating activities \$2,479,600

How does the government pay for roads schools and emergency services?

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The government pays for roads, schools, and emergency services through the collection of taxes on income, property, and sales. The money is then allocated in the budget for various public services. Both federal and state governments contribute to these expenses, with an important chunk of it going towards education.

### Explanation:

The government pays for public goods such as roads, schools, and emergency services through the collection of taxes and drafting budgets. These taxes can be imposed on income, property, and sales. The revenue raised is then allocated for various public services. For example, on a local level, funds are allotted for education, police, and fire departments. State governments allocate money for state colleges and universities, and maintenance of state roads and bridges. On the national level, money goes to things such as defense, Social Security, and maintenance of federal courts.

Figure 1.2 highlights the importance of these services, by showing a fire department ambulance rushing to help, paid for by the government through the tax base. The aim is to assure that everyone makes a contribution and to prevent free riders, hence taxes are often enforced through law. It is worth noting that while federal government spending often gets the majority of attention, state and local government spending is also substantial, with a significant proportion going toward education.

Local governments, just like state governments, receive revenue from grants and transfers from other levels of the government with property tax collections being another primary source. Essentially, the government ensures that public goods and services are funded by managing taxpayers' money and allocating it where it's most needed.