Author Question: Assets that are not easily converted into cash or are expected to be held for longer than a year are ... (Read 80 times)

mpobi80 · **on:** Jul 14, 2018

Assets that are not easily converted into cash or are expected to be held for longer than a year are called:
A) current assets.
B) fixed assets.
C) marketable securities.
D) intangible assets.
E) long-term equity.

Question 2

McDonald's makes many different types of sandwiches, including hamburgers, chicken sandwiches, a fish sandwich, and others. The fast food restaurant also offers many other menu items. The kitchen is organized in a way that makes the production process efficient. In addition, members of McDonald's staff are responsible for various parts of the production process: one person may cook the hamburgers while another person assembles and wraps the sandwich.

Which of the following would be considered an output in the McDonald's example?
A) A Big Mac meal
B) Cheese
C) Sandwich assembly
D) Frying French fries in oil
E) Creating a timeline that details how long each step of the sandwich assembly process should take