Why might a firm use the quick ratio instead of the current ratio in its liquidity analysis?
a. It wants to target long-term debt instead of short term debt.
b. Its accounts receivable are greater than its cash.
c. Its inventory is not very liquid.
d. It considers the cash flow amount in the quick ratio more important than the other liquidity ratios.
e. Its notes receivable are greater than its cash.
C
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Which of the following is not included in the prefatory parts of a formal report?
A) cover B) letter of authorization C) introduction D) table of contents E) title page
Suppose your bank lowers its minimum balance requirement by $500. So you take $500 out of your checking account and put it into a money market deposit account. What is the overall effect on M1 and M2?
A. M1 falls by $500, M2 rises by $500. B. M1 is unchanged, M2 is unchanged. C. M1 falls by $500, M2 is unchanged. D. M1 is unchanged, M2 rises by $500.
How is the price of a meal determined at a Panera Cares Café?
a. Customers decide how much to pay for their meal b. Meal prices are determined based on the cost of meal preparations c. Café managers set the prices of the meals each day based on ingredient costs d. Top management at Panera set a standard price of meals for all café locations.
Article 2A of the Uniform Commercial Code (UCC) prescribes a set of uniform rules for the creation and enforcement of contracts ________
A) covering financial services B) for the sale of leases of goods C) covering employment D) for the sale of electronic data