You Own a Business That Has Assets of $149,300 and Liabilities

question 111

Multiple Choice

You own a business that has assets of $149,300 and liabilities of $83,800. What is your current ratio? (Round to the nearest hundredth)

• A) 1.56:1
• B) 1.62:1
• C) 1.78:1
• D) 2.19:1

Learn the significance of modelling and social skills training in addressing psychological disorders.

Grasp the concept and treatment strategies for phobias through systematic desensitization.

Recognize the importance of self-efficacy in therapeutic interventions and behavioral change.

Understand the role of punishment in modifying behavior, including its limitations and ethical considerations.

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Definitions:

Compounded Quarterly

Refers to the application of the compound interest rate to an investment or loan on a quarterly basis.

Loan Balance

The remaining amount of money that a borrower must pay on a loan at any given time.

Compounded Semi-annually

Interest calculation method where interest is added to the principal twice a year, increasing subsequent interest calculations.

Loan Payment

The amount of money required to be paid back periodically (usually monthly) on a loan, including both principal and interest.