A Halifax firm has an interval measure of 83. This means that the firm must:
A) Pay its creditors within the next 83 days or go bankrupt.
B) Get additional financing within the next 83 days or possibly face closing the firm.
C) Sell all of its common stock in the next 83 days or become privately owned.
D) Pay a dividend to its shareholders every 83 days.
E) Pay interest on its debt every 83 days.

Question

Quizplus · Accepted Answer

The interval measure indicates the number of days a firm can continue to operate without additional financing, assuming no income. If it's 83, the firm must secure financing within that period to avoid potential closure.

A Halifax Firm Has an Interval Measure of 83