Business, 04.01.2020 03:31 Virnalis1112
Depoole company is a manufacturer of industrial products and employs a calendar year for financial reporting purposes. these questions present several of depoole's transactions during the year. assume that total quick assets exceeded total current liabilities both before and after each transaction described. further assume that depoole has positive profits during the year and a credit balance throughout the year in its retained earnings account.
47. payment of a trade account payable of $64,500 would
a. increase the current ratio but the quick ratio would not be affected.
b. increase the quick ratio but the current ratio would not be affected.
c. increase both the current and quick ratios.
d. decrease both the current and quick ratios.
Answers: 1
Another question on Business
Business, 21.06.2019 21:50
You have $22,000 to invest in a stock portfolio. your choices are stock x with an expected return of 11 percent and stock y with an expected return of 13 percent. if your goal is to create a portfolio with an expected return of 11.74 percent, how much money will you invest in stock x? in stock y?
Answers: 2
Business, 22.06.2019 13:30
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?
Answers: 2
Business, 22.06.2019 20:50
Which of the following statements regarding the southern economy at the end of the nineteenth century is accurate? the south was producing as much cotton as it had before the civil war.
Answers: 3
Business, 22.06.2019 22:30
Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.
Answers: 1
You know the right answer?
Depoole company is a manufacturer of industrial products and employs a calendar year for financial r...
Questions
Mathematics, 27.01.2020 19:31
History, 27.01.2020 19:31
Mathematics, 27.01.2020 19:31
