Using the Following Balance Sheet and Income Statement Data, What

question 49

Multiple Choice

Using the following balance sheet and income statement data, what is the current ratio? $$\begin{array} { l c l l } \text { Current assets } & \$ 21,000 & \text { Net income } & \$ 45,000 \\\text { Current liabilities } & 12,000 & \text { Stockholders' equity } & 63,000 \\\text { Average assets } & 132,000 & \text { Total liabilities } & 27,000 \\\text { Total assets } & 90,000 & & \\\text { Average common shares outstanding was } 15,000 .\end{array}$$

• A)0.78 : 1
• B)3.33 : 1
• C)0.57 : 1
• D)1.75: 1

Calculate the effects of changes in income on consumption choices.

Understand and calculate the marginal rate of substitution (MRS) and its role in consumption decisions.

Analyze the impact of price changes on consumption choices.

Apply the concept of budget constraints to consumer choices.

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Definitions:

Beginning Managers

Individuals who are newly appointed to a managerial position, often facing the challenge of learning to lead and manage effectively.

Performance Appraisal

Performance appraisal is a systematic evaluation of an employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives.

Behaviourally Anchored Rating Scales

A performance appraisal method that uses specific descriptions of behavior to rate various levels of performance.

Graphic Rating Scales

A method used in performance appraisals where employees are rated based on predefined criteria using a visual scale such as numbers or symbols.