A company has cash, $80,000; temporary investments, $20,000; net receivables, $60,000; and inventory, $450,000 . Current liabilities are $200,000 . The quick or acid-test ratio is
a. 0.54 to 1.
b. 0.80 to 1.
c. 2.25 to 1.
d. 3.05 to 1.
b
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Proposals addressed to potential customers and investors
A) are nearly always formal. B) rarely include a copy of the RFP. C) are less formal than those addressed to internal audiences. D) should never include visuals. E) should always be single-spaced.
Which of the following statements would be true if you own stock in a company?
a. You are an owner of the retained earnings and capital stock of the company. b. You have a claim to the assets of the business c. You have the right to receive interest on an annual basis. d. You have the right to a portion of the company's revenues each accounting period.
Which of the following is an example of a social entrepreneur?
A. A start-up company that makes home composting products that are affordable and transportable. B. A bow-tie company that makes a niche product sold through major retailers like Macy’s. C. A face cleanser that is marketed and distributed via social media. D. A sales organization that takes advantage of word-of-mouth marketing and personal distribution.
If no adjustments are needed for a particular company, its
a. trial balance will be identical to its adjusted trial balance. b. post-closing trial balance will be identical to its trial balance. c. trial balance, adjusted trial balance, and post-closing trial balance will be identical. d. adjusted trial balance will be identical to its post-closing trial balance.