If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase
a. True
b. False
Indicate whether the statement is true or false
False
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During interviews for a sales position at Greggor Corp., the interviewer asks each candidate to imagine a situation where a customer e-mails to report that products were damaged during delivery from Greggor Corp. The interviewer then asks each candidate what he or she would do to handle this situation. This is an example of a(n) ________ interview.
A. exit B. computerized C. in-basket D. situational E. behavior description
On January 1, 2016, the long-term liability section of Eden Company's balance sheet showed a balance of $35,000 in the bonds payable account. On December 31, 2016, the balance in that same account was $20,000 . This change would appear on the statement of cash flows as
a. an outflow of cash of $15,000 in the financing activities category. b. an inflow of cash of $15,000 in the financing activities category. c. an outflow of cash of $15,000 in the investing activities category. d. an inflow of cash of $15,000 in the investing activities category.
As a move toward sustainability, organizations take advantage of a new law setting standards for environmental regulations and gain greater competitive advantage
Indicate whether the statement is true or false
Ramierez Company received their first electric bill in the amount of $60 which will be paid next month. How will this transaction affect the accounting equation?
A) Increase Liabilities (Accounts Payable) and decrease Owner's Equity (Utilities Expense) B) Increase Liabilities (Accounts Receivable) and decrease Owner's Equity (Utilities Expense) C) Decrease Assets (Cash) and decrease Liabilities (Accounts Payable) D) Decrease Assets (Cash) and decrease Owner's Equity (Utilities Expense)