Which of the following statement is correct regarding the quick ratio?
A. The numerator for the quick ratio is current assets.
B. The quick ratio is also called the working capital ratio.
C. The quick ratio is a more conservative variation of the current ratio.
D. The numerator for the quick ratio is current assets minus inventory minus accounts receivable.
Answer: C
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The reference group known as a secondary group includes people with whom one has frequent contact.
Answer the following statement true (T) or false (F)
________ are mergers between firms in totally unrelated businesses
A) Market extension mergers B) Conglomerate mergers C) Horizontal mergers D) Forward vertical mergers
Suppose you borrowed $12,000 at an annual rate of 6 percent interest to buy a car and wish to repay it in five equal payments at the end of each of the next five years. Which of the following is the closest to the amount of each of these payments?
A) $2,364 B) $2,849 C) $2,544 D) $2,436
In a multiple regression analysis, if the model provides a poor fit, this indicates that:
a. the coefficient of determination will be close to zero. b. the standard error of estimate will be large. c. the sum of squares for error will be large. d. All of these choices are true.