An Extra Digit Added to a Coded Identification Number, Determined

question 62

Multiple Choice

An extra digit added to a coded identification number, determined by a mathematical algorithm is called a:

• A)Coded Digit Check
• B)Self-Checking Digit Check
• C)Sequence Check
• D)Run to Run Check

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Definitions:

Quick Ratio

A liquidity measure that indicates a company's ability to cover its short-term liabilities with its most liquid assets.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.

Liquidity

A firm’s cash and marketable securities position, refers to its ability to meet maturing obligations. A liquid asset is any asset that can be quickly sold and converted to cash at its “fair” value. Active markets provide liquidity.

Inventory Turnover Ratio

Sales divided by inventories.