At December 31 2017 2016 2015 Assets Cash $ 28,269 $ 34,393 $ 35,489 Accounts receivable, net 82,769 60,778 46,841 Merchandise inventory 103,016 79,534 51,932 Prepaid expenses 9,382 9,028 4,103 Plant assets, net 265,485 237,751 223,735 Total assets $ 488,921 $ 421,484 $ 362,100 Liabilities and Equity Accounts payable $ 125,394 $ 71,231 $ 47,797 Long-term notes payable secured by mortgages on plant assets 89,160 94,033 79,224 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 111,867 93,720 72,579 Total liabilities and equity $ 488,921 $ 421,484 $ 362,100 1. Compute the current ratio for the year ended 2017, 2016, and 2015. 2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015.

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.

Tyler has coffee with one of his direct reports almost daily. he does this to inquire in an informal way about progress on the job, and to provide coaching and support, as well as appropriate congratulations for special efforts. tyler is exhibiting which type of managerial skill?

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.