Select the answer(s) which is(are) most correct?
I. If a company increases its current liabilities by $1,000 and simultaneously increases its inventories by $1,000, its current ratio must rise.
II. If a company increases its current liabilities by $1,000 and simultaneously increases its inventories by $1,000, its quick ratio must fall.
III. A company's quick ratio may never exceed its current ratio.
Select one:
a. I & III only
b. II & III only
c. Ill only
d. I only
e. Il only
Answers
The correct answer is option b, that is, II & III only. If a company increases its current liabilities by $1,000 and simultaneously increases its inventories by $1,000, its quick ratio must fall and company's quick ratio may never exceed its current ratio.
I. This statement is incorrect. If a company increases its current liabilities by $1,000 and simultaneously increases its inventories by $1,000, the current ratio may increase, decrease, or remain unchanged, depending on the magnitude of other current assets and liabilities.
II. This statement is correct. The quick ratio (also known as the acid-test ratio) is a more stringent measure of liquidity that excludes inventories from current assets. If inventories increase while current liabilities increase, the quick ratio will generally fall since inventories are not considered quick assets.
III. This statement is correct. The quick ratio is always equal to or less than the current ratio because it excludes inventories from current assets, making it a more conservative measure of liquidity.
Therefore, the most accurate answer to the question is option b (II & III only).
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Related Questions
how do you wrrite the word pneumonoultramicroscopicsilicovolcanoconiosi aand what does it mean?
Answers
Answer:
Pneumonoultramicroscopicsilicovolcanoconiosis
Explanation:
Pneumonoultramicroscopicsilicovolcanoconiosis is a phrase used to describe a lung condition produced by inhaling silica dust, as in I had difficulty breathing and my doctor diagnosed me with pneumonoultramicroscopicsilicovolcanoconiosis.
Hartley Auto Supply delivers parts to area auto service centers and is replacing its fleet of delivery vehicles. It considers the gasoline engine truck and an alternative hybrid vehicle with the specifications provided below.
gasoline engine truck
Vehicle purchase cost $39,000
Vehicle operating cost per mile $0.07
Usefule life of vehicle 8 years
miles per year 22,000
miles per gallon 29
average fule price per gallon $2,72
Hybrid vehicle
vehicle purchase cost $44,000
vehicle operating cost per mile $0.05
useful life of vehicle 8 years
miles per year 22,000
miles per gallon 39
average fuel price per gallon $2.72
what is the crossover point in miles?(round to nearest whole number)
Answers
The crossover point in miles is approximately 205,714 miles.
The crossover point refers to the point at which the total cost of owning and operating the hybrid vehicle becomes equal to the total cost of owning and operating the gasoline engine truck. To calculate this, we need to compare the costs over the useful life of the vehicles.
For the gasoline engine truck, the total cost of ownership can be calculated as follows:
Vehicle purchase cost: $39,000
Operating cost per mile: $0.07
Miles per year: 22,000
Useful life of vehicle: 8 years
Total cost of ownership = Vehicle purchase cost + (Operating cost per mile x Miles per year x Useful life of vehicle)
Total cost of ownership = $39,000 + ($0.07 x 22,000 x 8)
For the hybrid vehicle, the total cost of ownership can be calculated in a similar manner:
Vehicle purchase cost: $44,000
Operating cost per mile: $0.05
Miles per year: 22,000
Useful life of vehicle: 8 years
Total cost of ownership = Vehicle purchase cost + (Operating cost per mile x Miles per year x Useful life of vehicle)
Total cost of ownership = $44,000 + ($0.05 x 22,000 x 8)
By comparing the total cost of ownership for both vehicles, we can find the crossover point. In this case, the crossover point is approximately 205,714 miles. This means that if the vehicles are expected to be driven more than 205,714 miles during their useful life, the hybrid vehicle would be more cost-effective compared to the gasoline engine truck.
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You are putting away return documents for overnight common carrier supply chain CIII-CV's. You know the documentation must be stored in the CIII-CV return invoices/destruction records of the regulatory records box. Which of the following documentation must be maintained? Select all that apply. Key Rec Carrier Shipping Label Security Seal Time Stamped Envelope
Answers
The documentation that must be maintained for overnight common carrier supply chain CIII-CV's includes the Carrier Shipping Label, Security Seal, and Time Stamped Envelope.
In the context of overnight common carrier supply chain CIII-CV's, several documents are necessary to ensure proper record-keeping and regulatory compliance.
Among the options provided, the documentation that must be maintained includes the Carrier Shipping Label, Security Seal, and Time Stamped Envelope.
The Carrier Shipping Label is crucial as it contains essential information about the shipment, such as the origin, destination, tracking number, and other relevant details.
It serves as a means to identify and track the package throughout the supply chain.
The Security Seal is another important documentation that must be maintained. It provides evidence of tamper-proofing and ensures the integrity of the package during transit.
Keeping track of the security seal helps maintain the chain of custody and provides a level of security for the contents of the shipment.
Lastly, the Time Stamped Envelope is likely required to maintain a record of the date and time when the documentation was sent or received. This can be useful for compliance purposes, dispute resolution, or auditing purposes.
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make a list of things that should be considered while managing a factory or an industry
plz say correct answer not stipude answer
Answers
Get Prototypes Sorted First
Form Positive Working Relationships
Sorting the Premises
Bankrolling the Business
Understand the Legalities
Verb Phrases Worksheet #3
Change the verb phrase to a strong, descriptive verb phrase for a resume
Answered customer questions
Helped a customer sign up for a loyalty program
Worked a cash register
Listened to customer orders and got them what they wanted
Sell tickets
Put items on shelves
Found expired items and took them out
Cooked cookies
Cooked nachos
Was in a group with other students
Told students what do when baking stuff
Took care of the cat
Took care of the baby
Watched my five year old niece and let her play and eat stuff
Cleaned the house (dusting, cleaning the table and the windows, dishes)
Did the Trash and Recycling and stuff outside
Helped my dad with the oil in our car
Used a computer to type stuff
Write your changed phrase here! Remember for 9-14 there are multiple answers!
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____________________ _________________
____________________ _________________ __________________
____________________ _________________ __________________
____________________ __________________ _________________
____________________ __________________ __________________ _____________
____________________ ___________________
_____________________ ___________________
Answers
The changed verb phrases are as follows- signing up, working on, listening to, selling, putting, taking ,cooking, cooked, while baking, taking care, watching, have cleaned, do the Trash and Recycling and stuff outside, helping , using.
What are verb phrases?
A verb phrase is a syntactic unit in linguistics that consists of a verb and its arguments, excluding the subject of an independent clause or coordinate clause.
Verb phrases are classified into two types: finite, in which the head is a finite verb, and nonfinite, in which the head is a nonfinite verb, such as an infinitive, participle, or gerund.
Therefore, the changed verb phrases are mentioned above.
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Which city is the center of the georgia film industry?.
Answers
Atlanta is the center of the film industry in Georgia
____________________________________________
6. How much was the dividend per share? (hint: dividends are not paid on treasury stock. ) (round your answer to 2 decimal places. )
Answers
The dividend per share was $0.15.
The dividend per share using this share formula:
Dividend per share = Total dividends paid / Total shares outstanding
Total dividends paid = Total dividends declared - Dividends on treasury stock
Total dividends declared = $1,365,000
Dividends on treasury stock = $45,000
The dividend per share using the following formula:
Total shares outstanding = Beginning shares + Issued shares - Treasury shares
Dividend per share = Total dividends paid / Total shares outstanding
Beginning shares = 8,500,000
Issued shares = 300,000
Treasury shares = 200,000
Total shares outstanding = 8,500,000 + 300,000 - 200,000
= 8,600,000
Total dividends paid = $1,365,000 - $45,000 = $1,320,000
Dividend per share = $1,320,000 / 8,600,000
= $0.1535 (rounded to 2 decimal places)
Therefore, the dividend per share was $0.15.
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Correct Question:
How much was the dividend per share? (hint: dividends are not paid on treasury stock. ) (round your answer to 2 decimal places. )
A competitive firm maximizes profit at an output level of 500 units, market price is $24, and ATC is $24.50. At what range of AVC values for an output level of 500 would the firm choose not to shut down
Answers
Answer:
A firm would shut down if its Current Price P < AVC (Current Price is less than the Average Variable Cost)
Thus, the condition for not shutting down of a firm is P > AVC (Current price is greater than the Average Variable Cost)
When AVC is less than $24, the firm will choose not to shut down because it is covering its variable costs at the current price
how do you manage scarce resources?
Answers
By setting the rations ahead of time and sticking to the intended plan as best as possible. Understand your limits to know how to measure the resources.
define finance education for class 8
Answers
what tool is used to easily clean metal scales, old paints and rust
Answers
what tool is used to easily clean metal scales, old paints and rust
Answer:
CHIPPING HAMMERExplanation:
hope it helps:)
zanda corp. can make three individual deliveries to three different customers at a cost of $500 each or can consolidate them into one shipment with a cost of $1,300 and a stop-off charge of $100 per stop. should zanda do this? question 18 options: yes, it will save $100. yes, it is simpler to do. no, it will increase cost by $100. it doesn't matter based on cos
Answers
No, it will increase the cost by $100.
$1,300 + 3($100) = 1,600, an increase in the cost of $100.
Price, in not unusual utilization, is the economic rate of products and services that manufacturers and clients purchase. In a number one monetary feel, the price is the degree of the possible possibilities foregone in the desire of 1 actual or interest over others.
The 2 essential forms of costs incurred by way of manner of agencies are fixed and variable. steady charges no longer vary with output, at the same time as variable costs do. regular fees are occasionally called overhead charges. they'll be incurred whether or not a company manufactures 100 widgets or 1,000 widgets.
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What a tragedy that in the twilight of her life the unfortunate woman should be _______ of all her loved ones! *
Answers
What a tragedy that in the twilight of her life the unfortunate woman should be bereft of all her loved ones!
What is the inflammatory incident in Twilight?Twilight's Inciting Incident: Bella has already met Edward. This leads up to the inciting happening where Edward saves Bella from being killed in a parking lot. She gets her first glance of his powers and is set on her path of learning more about him.
Why is it named Twilight?
The word twilight was on a list of “words with atmosphere” that I sent her. Though these words were meant to be utilized in combination with something else, the word twilight stood out to both of us. We determined to try it out, and, after a little adjustment time, it began to work for both of us.
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Unemployment can force the economy into an expansion. True False
Answers
a low rate of economic growth can cause higher unemployment
Answer:
False
Explanation:
A expansion in economics is the extended amount of goods/services available to buy and if there's unemployment that would mean there would be less of a good or service to buy. So unemployment can force the economy into an expansion is a "false statement" or the second option. What can cause expansion is inflation the increase of cost of a good and service. If you raise the price of goods less people will buy them.
Hope this helps.
when a country experiences high economic growth, a major cause usually is often _______
Answers
When a country experiences high economic growth, a major cause is often higher productivity. Option A is correct.
Higher productivity can lead to increased output and income, which can help to drive economic growth. When workers are able to produce more goods and services per unit of time, this can lead to increased efficiency and profitability for businesses. In turn, this can lead to higher wages and more spending in the economy, which can help to further boost economic growth.
Lower interest rates can also help to stimulate economic growth by making it easier and more affordable for businesses and consumers to borrow money, which can increase spending and investment.
However, while lower interest rates can be a contributing factor to economic growth, they are not always a major cause or the only factor driving growth. Other factors, such as technological innovation, favorable trade policies, and political stability, can also play a role in driving economic growth in a country.
Therefore, option A is correct.
When a country experiences high economic growth, a major cause usually is often ______
A. Higher productivity
B. Higher wages
C. Lower interest rates
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what will be the proceeds / payoffs and net profits to an investor who purchases calls with exercise price $80 if the stock price at option expiration is $78?
Answers
The answer to the question is that the investor who purchases calls with an exercise price of $80 will not receive any proceeds or payoffs if the stock price at option expiration is $78.
To further explain, when an investor purchases a call option with an exercise price of $80, they are essentially betting that the stock price will rise above $80 before the option expiration date. If the stock price does indeed rise above $80, the investor can exercise the option and buy the stock at the lower exercise price, then sell it at the higher market price for a profit.
However, if the stock price is below the exercise price at option expiration, the investor will not exercise the option and will instead let it expire worthless. In this case, the investor will not receive any proceeds or payoffs, and will have lost the premium paid for the option. The net profit in this scenario would be a negative amount equal to the premium paid for the option.
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can be in form of a written summary of the findings of a required investigation or a particular problem
A) presentation
B) itinenaries
C) reports
D) notices
Answers
common approaches to pricing are oriented around which four elements?
Answers
Profit, Competition, Cost and Demand are the element which the approaches for pricing fixing are oriented around.
Pricing refers to the process of determining the value that a producer will receive in the exchange of services and goods produced with final consumers or middle men.
The aim of generating profit is one of the element considered for price fixing.Competition levels with other companies in the industry will influence price fixing because consumers pocket have to be considered.Level of Cost incurred during production of the goods and services also play a great role in price fixing.Demand from the market also influence price setting on a product.Read more on this here
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how can you say that office is an information centre?
Answers
Answer:
hope this helps
Explanation:
An office is an information center which provides information relating to business transactions. Such information is very useful. It is used by management for the purpose of planning, organizing, staffing, directing and controlling.Information Center: The office serves as an information centre. It collects information from sources like invoices, letters, memos, agreements, vouchers etc., and protects them in safe mode on the basis of their importance for future reference.It is used by management for the purpose of planning, organizing, staffing, directing and controlling. Office not only keeps record of information but also plays the role of reliable channel of communicating the information. It is required for smooth functioning of the organization.
Answer:
Explanation:
I think information centre is designed specifically for storing, processing, and retrieving information for dissemination at regular intervals. if the office is doing so then you can say that it is information centre.
3. Of the following provisions that might be found in a bond indenture, which would tend to reduce the coupon interest rate on the bond in question?
a
A subordination clause in a debenture.
b
A call provision.
c
A convertible feature.
d
Having relatively few restrictive covenants.
e.
All of the above.
Answers
The bond in question's coupon interest rate would typically be reduced by a convertible feature.
Define the term "convertible feature"?An asset that can be changed by the shareholder into common stock is known as a convertible, which can be a bond, preference share, or other type of financial instrument. Convertible securities aren't considered to be either debt or equity; rather, they're viewed as a cross between the two groups because they have the cash flow characteristics of both bonds and stocks.
What distinguishes a convertible bond from other bonds?An investment that may be converted into a predetermined number of shares of common stock is known as a convertible bond. It pays fixed-income interest payments. During the bond's term, the bond can be converted into stock at precise points at the bondholder's option.
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MC Qu. 17 Tower Company planned to produce 3,000 units... Tower Company planned to produce 3,000 units of its single product, Titactium, during November. The standards for one unit of Titactium specify six pounds of materials at $0.30 per pound. Actual production in November was 3,100 units of Titactium. There was an unfavorable materials price variance of $380 and a favorable materials quantity variance of $120. Based on these variances, one could conclude that: Multiple Choice the actual usage of materials was less than the standard allowed. more materials were purchased than were used. more materials were used than were purchased. the actual cost per pound for materials was less than the standard cost per pound.
Answers
Answer:
From the list of options, Option A is the only correct one:
"the actual usage of materials was less than the standard allowed".
Explanation:
Material usage variance
A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used. A favorable variance would mean than less quantity of materials were used than the standard to achieve a given output level. And an adverse variance would mean the opposite.
Material price variance
A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite.
From the list of options, Option A is the only correct one
Roberto and Maria Martinez have a new loan in the amount of $80,000. The interest rate is 10%. The monthly payments are $710, principal and interest. What is their loan balance after the they make two month’s worth of loan payments?
Answers
Answer:
$79,913
Explanation:
The computation of the loan balance after two months loan payments is shown below:
$80,000 × 10% = $8,000 ÷ 12 =$666.67
$710 - $666.67 = $43.33
$80,000 - $43.33 = $79,956
$79,956 × 10% = $7,995 ÷ 12 = $666.30
$710 - $666.30 = $43.70
$79,956 - $43.70 = $79,912.8 i.e. $79,913
Hence, the loan balance after two months is $79,913
which of the following commodities is a product of the primary or extractive industry
A. Cars
B. Gold
C. Hair Processing
D . Houses
Answers
How do individuals & business benefit from
economic freedom?
Answers
Answer:
The benefit are
1. free markets,
2. rule of law,
3. protection of private property,
and
4. open trade—
that boost prosperity and reduce costs
Explanation:
Please mark me as brainlist answer
the ____ is based on the four p's (product, placement/distribution, promotion, and pricing).
Answers
The marketing mix is based on Four P's: Product, Placement/Distribution, Promotion, and Pricing. A marketing mix is a strategic tool used by businesses to develop and implement effective marketing strategies.
1. Product: This refers to the goods or services that a company offers to its customers. It involves understanding customer needs and wants, creating a product that meets those needs, and continually improving the product based on customer feedback.
2. Placement/Distribution: This involves determining the most effective channels through which to distribute the product, ensuring it reaches the target audience. This can include retailers, wholesalers, or direct sales through a company's website or physical store.
3. Promotion: This component focuses on creating awareness and generating interest in the product or service. It includes advertising, public relations, sales promotions, and social media marketing. The goal is to inform potential customers about the product's benefits and persuade them to make a purchase.
4. Pricing: Setting the right price for the product is essential in achieving the desired level of sales and profitability. It involves considering factors such as production costs, competitor pricing, and the perceived value of the product in the eyes of consumers.
By strategically combining and adjusting the Four Ps, businesses can create a unique marketing mix that effectively targets their audience, communicates the value of their product or service, and ultimately drives sales and growth.
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importance of Technical profession
Answers
Answer:
The technical profession has always been important as it has replaced the society from nomadic to the modern era. ... The facilities of medicines, surgical works, communication, computer technology, transportation system, etc are the result of technical professions.
8.After computing all the numbers in the case, are you inclined to agree with Mike Anton that the changes to automation would be a good idea or Harry Engle, the chief financial officer, that they would not be
Answers
Based on the numbers presented in the case, it seems that Mike Anton's suggestion for changes to automation would be a good idea.
The current process has a lot of manual labor involved, which not only slows down the process but also leads to errors and inefficiencies. Automation would not only reduce the chances of errors but also speed up the process, leading to increased productivity and profitability.
On the other hand, Harry Engle's concerns regarding the costs involved in implementing these changes are also valid. However, the long-term benefits of automation, including increased efficiency and productivity, could outweigh the initial costs.
Therefore, it would be wise to conduct a cost-benefit analysis to determine whether the benefits of automation outweigh the costs involved. Additionally, it is important to consider the potential impact on the employees and ensure that they are trained and supported through the transition to automation.
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Katherine purchased a property for $255,000, borrowing $242,250. The assessed value of the property is $249,700. The property appraisal came in at $257,000. Which of these amounts is used in calculating the transfer tax
Answers
Katherine bought a property for $255,000, borrowing $242,250. $255,000 is used in computing the transfer tax.
Transfer taxA transfer tax is a tax on the expiration of title to property from one person to another. In a narrow legal sense, a transfer tax is essentially a marketing fee imposed on the transfer of title to property from one commodity to another.
AS the name suggests, transfer taxes are impositions on the transfer of possessions from the owner to a buyer, beneficiary, donee or transferee. When one hears the words “transfer taxes,” what instantly comes to mind are the estate and donor's taxes.
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true or false: organizations need to ensure that their training programs make employees aware of title vii of the civil rights act.
Answers
Organizations need to ensure that their training programs make employees aware of title vii of the civil rights act is a True statement.
The Civil Rights Act's Title VII protects you in what ways?
Section 7 of the Civil Rights Legislation of 1964 Employers and job candidates are protected against employment race discrimination, color, religion, sex, and national origin under Title Vii Rights Act, as modified.
Through training and development, businesses can attract and keep top people, boost morale and job satisfaction, boost productivity, and increase profits. Additionally, organizations with engaged staff see 17 percent higher production and a 41 percent decline in absenteeism.
Therefore, organizations need to ensure that their training programs make employees aware of title vii of the civil rights act.
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Sample ________
is the number of people questioned for a survey.
Answers
___________
Answer:
Sample size
Explanation:
Sample size is the term that describes the number of objects or people involved in a research study. Sample size applies where it's impossible to get a response from the entire population due to its large size. The researcher uses several techniques to select a small number of respondents believed to represent the entire population. The small number or group selected is the sample size.