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Net working capital;i. Net working capital may be defined as current assets minus;current liabilities. This also defines the current ratio.;a. True;b. False;Motives for holding cash;ii. Firms hold cash balances in order to complete transactions that;are necessary in business operations and as compensation to banks;for providing loans and services.;a. True;b. False;Cash discounts;iii. If you receive some goods on April 1 with the following terms;3/20, net 30, June 1 dating, it means that you will receive a 3;percent discount if the bill is paid on or before June 20 and;that the full amount must be paid 30 days after receipt of the;goods.;a. True


Paper#80759 | Written in 18-Jul-2015

Price : $27