Reference no: EM132958090
Problem 1: Net working capital is best defined as:
A. excess cash on hand.
B. a firm's current assets.
C. current assets minus current liabilities.
D. total assets minus total liabilities.
E. cash and near-cash assets.
Problem 2: The treasurer and the controller of a corporation generally report to the:
A. president.
B. board of directors.
C. chief executive officer.
D. chief financial officer.
E. chairman of the board.
Problem 3: Which one of these best describes the key difference between the duties of the controller and those of the treasurer?
A. Separation of duties related to assets versus those related to debt and equity
B. Separation of authority over tax records versus accounting records
C. Separation of internal versus external responsibilities
D. Separation of duties related to production versus marketing
E. Separation of cash control from accounting records