The ____ assets are those that are affected by the seasonal or cyclical nature of company sales.

Question

Quizplus · Accepted Answer

Fluctuating current assets are affected by the seasonal or cyclical nature of company sales. Current assets include cash, inventory, accounts receivable, and prepaid expenses. If a company's sales are highly seasonal or cyclical, the level of these assets may fluctuate significantly throughout the year. Permanent current assets are those that a company expects to hold for the long-term, while current assets are those that are expected to be converted into cash within one year.

The ____ Assets Are Those That Are Affected by the Seasonal