Which of the Following Actions Will Cause an Increase in the Quick

question 7

Multiple Choice

Which of the following actions will cause an increase in the quick ratio in the short run?

• A) R1,000 worth of inventory is sold, and an account receivable is created.The receivable exceeds the inventory by the amount of profit of the sale, which is added to retained earnings.
• B) A small subsidiary which was acquired for R100,000 two years ago and which was generating profits at the rate of 10 percent is sold for R100,000 cash.(Average company profits are 15 percent of assets.)
• C) Marketable securities are sold at cost.
• D) All of the above.
• E) Answers a and b above.

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Definitions:

Immunization Services

Services offered by healthcare providers that involve administering vaccines to protect individuals from infectious diseases.

Affordable Housing

Housing that is financially accessible to people with low to moderate incomes, ensuring they have a safe and decent place to live without undue financial burden.

Mortality Rates

The measure of the number of deaths (in general, or due to a specific cause) in a particular population, scaled to the size of that population, per unit of time.

Aggregate

A whole formed by combining several elements, typically referring to data or statistical results collected from multiple sources.