Which of the following ratios is the best measure of liquidity?
A) Debt-to-equity ratio
B) Times-interest-earned ratio
C) Return on assets ratio
D) Quick ratio
D
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Which of the following shows the best use of tone when writing a routine request?
A) "I need a copy of the budget." B) "Send me the latest version of the budget." C) "Can I have the budget by Tuesday?" D) "I need you to email the budget immediately." E) "Please send me a copy of the budget."
Failure to use third-party intervention when appropriate is just as wasteful and damaging to the ultimate negotiation process as using the wrong intervention method.
Answer the following statement true (T) or false (F)
On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $95,250; Allowance for Doubtful Accounts, credit balance of $921. What amount should be debited to Bad Debts Expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?
A. $5,715. B. $5,770. C. $5,660. D. $4,794. E. $6,636.
Lionel purchased a $200,000 ordinary life insurance policy when he was 25 years old and had significant life insurance needs
Now Lionel is 50. His mortgage is almost paid-off and his children have left home and are financially independent. Lionel no longer wants to pay premiums, but he would like to have some permanent life insurance in force. Which nonforfeiture option could Lionel employ to meet these objectives? A) cash value B) reduced paid-up insurance C) paid-up additions D) extended term insurance