The ________ is the ratio of current assets, less inventory, to current liabilities.
A. cash ratio
B. current ratio
C. debt ratio
D. acid test ratio
Answer: D
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An R square of 1.0 indicates:
a. the standard error in the data is equal to 1%. b. a perfect correlation between the independent and dependent variables. c. that the independent variables are insignificant. d. that the slope of the cost equation will be 1.
Wilma owes Jill $5,000. Jill assigns the claim to the funds to Andrew. Jill A) must notify Wilma of the assignment immediately
B) must notify Wilma of the assignment within thirty days. C) must notify Wilma of the assignment to make the assignment effective. D) is not legally required to notify Wilma of the assignment.
Which of the following is a false statement regarding shareware software programs?
A. One is generally able to use the software on a free trial period. B. The vast majority of shareware programs are downloaded from the Internet. C. Shareware is not copyrighted. D. Shareware typically does not have as many "bells and whistles" as commercial software does.
Xavier is single and has taxable income of $47,375. His marginal tax rate is:
A. 10%. B. 15%. C. 12%. D. 22%.