Which of the following assets is most liquid? least liquid? •marketable securities•accounts receivable•inventories•accounts payable\

Marketable securities

Explanation: Marketable securities are shares and bonds that can be easily sold on the market due to the demand for them by investors. When in need of cash, they can be converted to monetary value without any considerable loss.

In contrast, inventories are not as liquid as they require time to convert to money. Accounts payable and Accounts receivable are the same and may even never be converted to cash in which case they will be written off as bad debts.

question - in 1827, john walker, a druggist in a small english town, tipped a splint with sulphur, chlorate of potash, and sulphid of antimony, and rubbed it on sandpaper, and it burst into flame. the druggist had discovered the first friction-chemical match, the kind we use to-day. it is called friction-chemical because it is made by mixing certain chemicals together and rubbing them. although walker's match did not require the bottle of acid, nevertheless it was not a good one. it could be lighted only by hard rubbing, and it sputtered and threw fire in all directions. in a few years, however, phosphorus was substituted on the tip for antimony, and the change worked wonders. the match could now be lighted with very little rubbing, and it was no longer necessary to have sandpaper upon which to rub it. it would ignite when rubbed on any dry surface, and there was no longer any sputtering. this was the phosphorus match, the match with which we are so familiar. according the paragraph what was the benefit of the new phosphorus match? it burst into flame when rubbed on sandpaper. it was made by mixing chemicals. it could be ignited on any dry surface. it threw fire in all directions.

answer - matches required natural chemicals