The ratio of quick assets to current liabilities is called the ____________________ or ____________________

Fill in the blank(s) with correct word


quick ratio, acid-test ratio
acid-test ratio, quick ratio

Business

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Jenny runs a produce stand in an inner-city neighborhood. With the recent layoffs, she has become popular because she gives her day-old produce to the local charity. Which of the following benefits does Jenny gain by donating produce to the local charity?

A. She needs to allocate separate space for her clearance merchandise. B. It offers her strong public relations benefits. C. It requires extra record keeping and transportation costs. D. The keystone price can be deducted from her income. E. She can recover a small percentage of the merchandise's cost.

Business

A ยง 501(c)(3) organization exchanges its membership lists with another exempt organization. What are the Federal income tax consequences?

What will be an ideal response?

Business

Which of the following is NOT a type of inventory-related costs?

a. purchasing costs b. ordering costs c. setup costs d. cost of holding the wrong products

Business

A design patent protects the appearance of an item and is valid for 14 years

Indicate whether the statement is true or false

Business