a. Discount a.

book value

b. Credit b. capital recovery

c. Interest c. depreciation recovery

d. profit d. sinking fund

82. liquid assets such as cash and other assets 86. gross profit, sale less cost of goods sold, as a
that
percentage of sales is called
can be converted quickly into cash, such as
a. profit margin
accounts receivable and merchandise are called
b. gross margin
a. total assets
c. net income
b. fixed assets
d. rate of return
c. current assets
87. worth of the property as shown in the
d. none of the above accounting

83. the length of time which the property may records of an enterprise
be
a. fair value
operated at a profit
b. market value
a. physical life
c. salvage value
b. economic life
d. book value
c. operating life
88. those funds that are required to make the
d. all of the above
enterprise or project a going concern
84. the provision in the contract that indicates
a. initial investment
the
b. current accounts
possible adjustment of material cost and labor
c. working capital
cost
d. subscribed capital
a. secondary clause
89. a market situation where there is one seller
b. escalatory clause
with
c. contingency clause
many buyer
d. main clause
a. monopoly
85. the present worth of all depreciation over
b. monopsony
the
c. oligopoly
economic life of the item is called
d. oligopsony
90. a market situation where there is one seller
and

one buyer

a. monopoly

b. monopsony

c. oligopoly

d. oligopsony