A company with working capital of $600,000 and a current ratio of 4:1 pays a $40,000 short-term liability. The amount of working capital immediately after payment is ________
a. $560,000
b. $640,000
c. $600,000
d. $520,000
c
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A system of inventory production where goods are produced in anticipation of customer orders is referred to as a _________________________
Fill in the blank(s) with correct word
Current liabilities are:
A) due and receivable within one year. B) due and to be paid out of current assets within one year. C) due, but not payable for more than one year. D) payable if a possible subsequent event occurs.
The unit cost of a job consists of the total costs of
A) materials used on the job. B) labor worked on the job. C) applied overhead. D) all of these answers. E) none of the answers listed.
“Those who make internal, stable, and global attributions regarding positive events (e.g., task accomplishment) and those who attribute external, unstable, and specific reasons for negative events (e.g., a missed deadline)” are:
a. optimists b. pessimists c. deluders d. fools