The Following Information Is Taken from the Balance Sheet of Menendez

question 39

Multiple Choice

The following information is taken from the balance sheet of Menendez Company on January 1, Year 1: On January 1, Year 1 Menendez Company paid $2,000 cash to reduce its accounts payable.
How will this transaction affect the current ratio?

• A)It will have no effect on the current ratio.
• B)It will cause the current ratio to increase.
• C)It will cause the current ratio to decrease.
• D)It will potentially affect the current ratio, but the direction of the change cannot be determined without more information.

---

Definitions:

Challenging Goal

An objective that is difficult to achieve but motivates individuals or groups to extend their efforts, skills, and strategies.

Productivity

A measure of the efficiency of a person, machine, system, etc., in converting inputs into useful outputs.

INAH3

Refers to the third interstitial nucleus of the anterior hypothalamus, a brain structure believed to play a role in sexual behavior and sexual orientation.

Anterior Hypothalamus

A region of the hypothalamus brain involved in regulating functions such as body temperature, thirst, and sexual behavior.