How would the collection of an account receivable affect the current ratio and the quick ratio, respectively?

A) No effect on current ratio; increase in quick ratio
B) Increase in current ratio; increase in quick ratio
C) No effect on current ratio; no effect on quick ratio
D) Decrease in current ratio; decrease in quick ratio


C

Business

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______ are conflicts between two or more morally unpleasant alternatives.

A. Social quandary B. Ethical dilemmas C. Ethical quandary D. Moral dilemmas

Business

The direct materials standards for the main product of Duchess Company are 8 grams of direct materials per product at a cost of $3 per gram. During April, 974 grams of direct materials were used to produce 120 products at a direct materials cost of $2,900 . The direct materials quantity variance for April was

a. $72 (U). b. $92 (U). c. $42 (U). d. $112 (F).

Business

The reduction of waste, along with continuous improvement, and the synchronization of material flows within the organization and between supply chain trading partners are characteristics of which operations management development?

a. Project management b. Lean thinking c. Total Quality Management d. MRP and ERP

Business

Adjusted gross income equals gross income plus employer paid fringe benefits

Indicate whether the statement is true or false

Business