Generally, the ________ the credit history, the ________ the credit limit
A) better; lower
B) worse; higher
C) better; higher
D) None of the above.
Answer: C
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The fact that employees take on special role-specific responsibilities within an economic system that benefits everyone is one reason offered for the claim that these responsibilities override other ethical considerations.
Answer the following statement true (T) or false (F)
_____ refers to the relationship between subject and verb in a sentence
A) Slang B) Clichés C) Conciseness D) Antonyms E) Voice
Which of the following circumstances would require recording an accrual for a loss contingency under current generally accepted accounting principles?
a. Event is unusual in nature and occurrence of event is probable b. Event is unusual in nature and event occurs infrequently c. Amount of loss is reasonably estimable and occurrence of event is probable d. Amount of loss is reasonably estimable and event occurs infrequently
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2, Gant recorded cost of goods sold of $4,100. As a result of this transaction, Gant's quick ratio will:
A. Decrease. B. Remain the same. C. Increase. D. Cannot be determined.