Flum Packages, Inc The Company Earns 5 Percent on Current Assets and 15

question 115

Multiple Choice

Flum Packages, Inc.

$\begin{array}{lrlr}\text { Assets }&&\text { Liabilities \& Equity }\\\hline \text { Current assets } & \$ 10,000 & \text { Current Liabilities } & \$ 5,000 \\\text { Fixed assets } & 20,000 & \text { Long-term debt } & 12,000 \\& & \text { Equity } & 13,000\\&----&&---\\\text { Total }&\$30,000&\text { Total }&\$30,000\\\end{array}$
The company earns 5 percent on current assets and 15 percent on fixed assets. The firm's current liabilities cost 7 percent to maintain and the average annual cost of long-term funds is 20 percent.
-The firm would like to increase its current ratio. This goal would be accomplished most profitably by

• A) increasing current liabilities.
• B) increasing current assets.
• C) decreasing current liabilities.
• D) decreasing current assets.

Understand the individual differences in grieving processes and the absence of a fixed period for grief.

Recognize the cultural and religious significance of funerals and their impact on the grieving process.

Understand the brain's role in death, including brain death and whole brain death definitions.

Assess the impact of cultural, personal, and societal attitudes towards death and dying.

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Definitions:

Global Trade Agreements

Treaties or agreements between countries that facilitate trade and economic cooperation on a global scale.

Toxic Materials

Substances that are harmful or deadly to living organisms when introduced or absorbed.

Electronic Devices

Equipment that uses the principles of electronics to function, including smartphones, computers, and televisions.

Toxic Waste

Hazardous materials requiring careful disposal to protect human health and the environment.