Answer:
decrease in the quick ratio
Explanation:
The quick ratio is the (cash + marketable securities + cash equivalents) divided by the current liabilities. In this question current liabilities are increasing and all other things are constant, which means in relation to the quick ratio the denominator which is current liabilities is increasing and the numerator is constant, this means that the quick ratio will decrease.
Lets assume that the cash + marketable securities + cash equivalents was 1,000 and current liabilities was 500. In this cash the quick was 1000/500=2
Now we assume current liabilities increase by 100 and are now 600 where as the numerator is the same.
1000/600=1.66
The new quick ratio is 1.66 which is less than 2.
Answer:
(B) For Month Ended April 30, 20--.
Explanation:
Since, the income statement reflects the activities of the specific firm/entity/company for a particular period, therefore the date on income statement is always written in below manner depending on the number of months it represents.
If 12 months are represented by the income statement, then the date on such income statement is written as:
For year ended April 30,20--.
If 6 months are represented by the income statement, then the date on such income statement is written as:
For six months ended April 30,20--.
If 1 month is represented by the income statement, then the date on such income statement is written as:
For month ended April 30,20--.
Keeping in view the above discussion, the answer to the question shall be
(B) For Month Ended April 30, 20--.
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True
(Not sure what was the question about but I’m guessing it’s a true/false?)
hope this helps :)
The answer to your question would be Validity Check because only a fixed limited set of values are allowed. Hoped this helped
