A Corporation Reported Cash of $14,000 and Total Assets of $178,300

question 155

Multiple Choice

A corporation reported cash of $14,000 and total assets of $178,300 on its balance sheet.Its common-size percent for cash equals:

• A)0.0785%.
• B)7.85%.
• C)12.73%.
• D)1273%.
• E)7850%.

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Definitions:

Working Memory

A cognitive system responsible for temporarily holding information available for processing, key in reasoning and the guidance of decision-making and behavior.

Short-Term Memory

A limited capacity store that can maintain unrehearsed information for about 20 to 30 seconds.

Google Effect

The tendency to forget information that can be easily found using internet search engines like Google, affecting how memory is managed.

Rely

To depend on or trust in someone or something for support, help, or maintenance.