The Following Information Concerning the Current Assets and Current Liabilities

question 29

Multiple Choice

The following information concerning the current assets and current liabilities of
Mason Company at December 31, 2017, is presented below.
$\begin{array}{lrr}\text { Current Assets }\\\text { Cash } & & \$ 6,700 \\\text { Accounts Receivable } & \$ 7,900 & \\\text { Less Allowance } & \underline{ (70) }& 7,830 \\\text { Inventory } & & 2,270 \\\text { Prepaid expenses } & & \underline{500} \\\text { Total }& & \underline{\$17,300}\\\\\text { Current Liabilities }\\\text { Accounts payable } && \$ 9,000 \\\text { Wages payable } && 500 \\\text { Taxes payable } & &200 \\\text { Rent payable } & &1,600 \\\text { Notes payable } &&\underline{ 2,000} \\\text { Total } &&\underline{ \$ 13,300}\end{array}$
Based on this information, how would the current ratio be affected if Mason collects some accounts receivable and then uses $9,000 cash to pay off the accounts payable?

• A)The current ratio would increase from 1.30 to 1.93.
• B)The current ratio would increase from 0.74 to 4.02.
• C)The current ratio would decrease from 1.30 to 0.62.
• D)The current ratio would increase from 1.09 to 1.61.

Understand the role of mental state, including mens rea, in establishing criminal responsibility.

Evaluate the impact of mental disorders on the likelihood of incarceration and the challenges of mental health care in prison populations.

Appreciate the complexities involved in the intersection of psychology and law, particularly in the context of the insanity defense.

Differentiate between temporary insanity and the influence of substance abuse on criminal responsibility.

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Definitions:

Trachea

The windpipe; a large membranous tube reinforced by rings of cartilage, extending from the larynx to the bronchial tubes and conveying air to and from the lungs.

Windpipe

Another term for the trachea, the large airway that leads from the throat (pharynx) to the lungs, allowing for air passage.

Nasal Cavity

A large air-filled space above and behind the nose in the middle of the face, part of the respiratory system, which filters, warms, and moistens air breathed in through the nose.

Larynx

An organ located in the neck of mammals that is involved in breathing, sound production, and protecting the trachea against food aspiration.