Signal Hill Ltd

question 96

Multiple Choice

Signal Hill Ltd.had the following accounts on their balance sheet: Cash $10,000, Accounts receivable $50,000, Inventory $45,000, Prepaid rent $2,500, Long-term receivable $12,000, Accounts payable $27,500, Interest payable $1,200, Current portion of long-term bank debt $50,000, and Long-term debt $100,000.What was their quick ratio?

• A)0.58
• B)0.76
• C)0.79
• D)2.09

Understand the impact of government debt on future generations and the economy.

Comprehend the effects of tax policies, including consumption taxes and marginal tax-rate reductions, on saving and investment.

Recognize the rationale and challenges associated with using fiscal and monetary policy to stabilize the economy.

Identify the goals of the Federal Reserve and the tools it uses to achieve those goals.

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Definitions:

Period

A length or span of time; in grammar, it is a punctuation mark used to denote the end of a sentence.

Neurotransmitters

Chemical substances in the nervous system that transmit signals across a synapse from one neuron to another.

Neuron

A neuron, which serves as the foundational unit of the nervous system, is essential for the reception, processing, and communication of information via electrical and chemical signals.

Impulse

A sudden, involuntary urge to do something.