Paying off a credit card with cash will have which of the following effects on net worth?
A) Increase
B) Decrease
C) No effect
D) Insufficient data to determine the answer
Answer: C
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Selected data from Carson Corporation's financial statements for the year ended December 31, Year 2 are as follows. Current ratio 1.4 Quick ratio 0.86 Current liabilities $450,000 Accounts receivable turnover 6.0 Merchandise inventory turnover 4.0 Rate of return on assets 6.5% Selected Account Balances at December 31, Year 1: Accounts receivable $355,000 Merchandise inventory 190,000 Year 2
Operations Sales $1,241,000 Cost of goods sold 800,000 Assuming that prepaid expenses are immaterial, ending merchandise inventory at December 31, Year 2 is a. $180,000 b. $210,000 c. $220,000 d. $240,000 e. $260,000
Good headings are visual ________________ for readers who do not want or need to read dense sections of text
a. distractions b. echoes c. signposts d. watermarks
In waiting line systems, the cost of service levels provided are ______ to capacity-related costs.
a. directly related b. linear c. inversely related d. proportional
A school is trying to determine a nutritional diet to feed its students. The school would like to offer some combination of milk and beans. The school’s objective is to minimize cost, subject to meeting the minimum nutritional requirements of protein, calcium, and calories. The cost and nutritional content of each food, along with the minimum nutritional requirements are shown here.
At the optimum solution, what is the cost of the nutritional diet?
a. $4.20
b. $3.55
c. $7.30
d. $8.25