Bubbles Soap Corporation has a quick ratio of 1.0 and a current ratio of 2.0 implying that
A) the value of current assets is equal to the value of inventory.
B) the value of current assets is equal to the value of current liabilities.
C) the value of current liabilities is equal to the value of inventory.
D) All of the above.
E) None of the above.
C
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Which communication process portrays communication as a dynamic process?
A) The transaction model B) The relational model C) The credibility model D) The interaction model E) The cultural model
L. Lane received $12,000 from a tenant on December 1 for four months' rent of an office. This rent was for December, January, February, and March. If Lane debited Cash and credited Unearned Rental Income for $12,000 on December 1 . what necessary adjustment would be made on December 31?
a. Unearned Rental Income ............. 3,000 Rental Income .................... 3,000 b. Rental Income ...................... 3,000 Unearned Rental Income ........... 3,000 c. Unearned Rental Income ............. 9,000 Rental Income .................... 9,000 d. Rental Income ...................... 9,000 Unearned Rental Income ........... 9,000
Manicotti Corporation sells a single product. Budgeted sales for the year are anticipated to be 640,000 units, estimated beginning inventory is 108,000 units, and desired ending inventory is 90,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A .50 lb. per unit @ $ .60 per pound Material B 1.00 lb. per unit @ $1.70 per
pound Material C 1.20 lb. per unit @ $1.00 per pound The dollar amount of direct material A used in production during the year is: A) $186,600 B) $181,200 C) $240,000 D) $210,600
State one servant leader behavior that you most identify with and briefly explain why.
What will be an ideal response?