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spayn [35]
3 years ago
14

Even though Firm A's current ratio exceeds that of Firm B, Firm B's quick ratio might exceed that of A. However, if A's quick ra

tio exceeds B's, then we can be certain that A's current ratio is also larger than that of B. True False
Business
1 answer:
LekaFEV [45]3 years ago
6 0

Answer: False

Explanation:

If Firm A's current ratio exceeds that of Firm B, it is still possible that B's quick ratio is larger than A's. If A's quick ratio is larger than B's however, then there is still a possibility that B's current ratio can be larger than A's.

The current ratio is the Current Assets divided by Current liabilities. The Quick ratio is Current Assets less inventory divided by Current liabilities.

B's current ratio can therefor be larger than A's if it has more inventory than A such that when we calculate the current ratio of B, the extra inventory would give it a higher current ratio than A.

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Chelsea purchased her monthly grocery requirements instead of soccer game tickets for the championship match she wanted to see.
Wittaler [7]
Here is the answer. Based on the given scenario above about Chelsea, who brought <span>her monthly grocery requirements instead of soccer game tickets for the championship match she wanted to see. Chelsea has chosen to satisfy her NEEDS over her wants. Hope this helps.</span>
8 0
3 years ago
Read 2 more answers
All of the following are the names of the three major credit bureaus EXCEPT
Phantasy [73]
D. Chex systems
The first 3 are the major ones. 
6 0
3 years ago
Read 2 more answers
At what amount is a short-term notes receivable recorded on the issue date?
laiz [17]

Answer:

At face value

Explanation:

Short term notes are always recorded at face value, and that applies to both interest and non-interest bearing short term notes.

Non-interest bearing long term notes must be recorded at their discounted value, i.e. you must discount the long term note' face value by the discount rate used by the company.

6 0
3 years ago
The longest series of connections in the project network from the start to the end of the activities is also referred to as ____
solong [7]

Answer:

b. the critical path.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

It is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.

The longest series of connections in the project network from the start to the end of the activities is also referred to as the critical path. It is typically used by project managers to do a proper scheduling of their project activity and work.

3 0
3 years ago
Suppose you want to invest in ABC stock that does not pay any dividends. A share is trading at $100. You put $10,000 of your own
natta225 [31]

Answer:

A loss of 69%

Explanation:

Price per share $100

Equity invested $10,000

Funds taken from broker $10,000 at an Interest rate 9.00%

Total investment $20,000

Price change 30.00% less

Margin required 30.00%

Total shares purchased from investing = 200 shares

The shares decrease in value by 30%: $20,000 * 0.30 = $6,000.

You pay interest of = $10,000 * 0.09 = $900.

The rate of return will be:

"$6,000 - $900" /"$10,000" = - 0.69 = - 69%

7 0
3 years ago
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