How would the quick ratio be affected by a prepayment of $30,000 for fire and liability insurance?
a. The quick ratio would decrease.
b. The quick ratio would increase.
c. The quick ratio would not change.
d. The effect cannot be determined from the information given.
A
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Retailers handle the financial exchange when a customer pays for a product. This is an example of the ________ function of channel intermediaries
A) communication B) marketing C) promotional D) transaction E) management
Chose the correct number form in parentheses. Ava sold (9, nine) tickets to the school play, and Robert sold (17, seventeen) tickets
Which of the following must be prepared before the direct labor budget?
A. Production budget. B. Selling expense budget. C. Merchandise purchases budget. D. Budgeted income statement. E. Capital expenditures budget.
Which of these is not a criticism of the current tort system?
A) Fraud is reduced by using our current tort system. B) Recovery under the tort system is often slow. C) Much of the money that changes hands does not go to the injured party. D) Negligence is difficult to determine in many cases.