Ferris Corp

question 6

Multiple Choice

Ferris Corp.wants to increase its current ratio from the present level of 1.5 when it closes the books next week.The action of __________ will have the desired effect.

• A)payment of current payables from cash
• B)sales of current marketable securities for cash
• C)write-down of impaired assets
• D)delay of next payroll

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Definitions:

Landlord's Consent

Landlord's consent is the approval a landlord must give for certain actions by the tenant, such as alterations to the property or subletting.

Majority Rule

A decision-making process in which the preferences or votes of more than half of the members of a group determine the outcome.

Minority Rule

A governance structure or situation where a smaller segment of the population holds disproportionate power or authority over the majority.

Illegal Possession

Holding or controlling property or substances in violation of the law.