1. Identify and explain the management issues related to short-term liquid assets.
2. Explain cash, cash equivalents, and the importance of electronic funds transfer.
3. Account for short-term investments.
4. Define accounts receivable and apply the allowance method of accounting for uncollectible accounts, using both the percentage of net sales method and the accounts receivable aging method.
5. Define and describe a promissory note, and make calculations and journal entries involving promissory notes.