Describe some ratios that can be calculated using the basic financial statements that will help a decision maker assess the financial position of the government.
What will be an ideal response?
Five ratios are described in Illustration 10-4 to assess financial position: (1) unrestricted net position, (2) capital asset condition, (3) debt to assets, (4) current ratio, and (5) quick ratio. These ratios focus on the ability of the government, in the short-term, to meet its current obligations.
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It is recommended that male candidates wear a suit and a tie to an interview
Indicate whether the statement is true or false
When faced with barriers to change, leaders can create a good climate for advancing the aims of the organization and making progress towards its goals by building ________ and ________.
A. a following organization; an ethical organization B. a learning organization; an efficient organization C. an efficient organization; a learning organization D. a learning organization; an ethical organization
Dina asks Edie to co-sign a credit application so that she can borrow money and buy a piano from First Chair, a musical instruments and supplies seller. If, after the loan agreement is signed, Dina agrees to a higher rate of interest without telling Edie, then Edie is
a. discharged from the agreement. b. liable at the higher rate of interest. c. liable at the lower rate of interest. d. liable for the principal only.
A sample of 64 account balances from a credit company showed an average daily balance of $1040 . The standard deviation of the population is known to be $200 . We are interested in determining if the mean of all account balances (i.e., population mean) is significantly different from $1000
a. Develop the appropriate hypotheses for this problem. b. Compute the test statistic. c. Compute the p-value. d. Using the p-value approach and ? = .05, test the above hypotheses. What is your conclusion? e. Using the critical value approach and ? = .05, test the hypotheses. What is your conclusion?