3 years ago

In its Declaration of Secession, South Carolina uses the Declaration of Independence to establish:

Business

1 answer:

castortr0y [4]3 years ago

6 0

Answer:

a) that South Carolina is an independent state, which is therefore free to secede from the Union if it so chooses

Explanation:

In 1860, an official secession convention met in South Carolina and issued an ordinance of secession announcing the state's withdrawal from the union. This declaration asserted the right of South Carolina to secede as the United states ad failed to uphold it's obligation therefore this revoked the agreement the State of South Carolina had with the United States.

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Cash and inventory contribute to a business' liquidity.

When inventory is sold on credit, it does not result in immediate increase in cash as payment is in the future. So there is a reduction in the current asset of the company.

A reduction in the numerator of the working capital ratio results in lower value of the ratio (lower liquidity)

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