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The Pioneer Company has provided the following account balances:
Cash $38,000;
Short-term investments $4,000;
Accounts receivable $6,000;
Inventory $48,000;
Long-term notes receivable $2,000;
Equipment $96,000;
Factory Building $180,000;
Intangible assets $6,000;
Accounts payable $30,000;
Accrued liabilities payable $4,000;
Short-term notes payable $14,000;
Long-term notes payable $92,000;
Contributed capital $180,000;
Retained earnings $60,000.
What is Pioneer's current ratio?
Wage Gap
Refers to the difference in earnings between different groups of workers, often highlighted between genders or races.
High-Skill
Referring to jobs or positions that require advanced training, education, knowledge, or proficiency.
Low-Skill
Describes jobs or workers that require minimal specialized training or education.
Compensating Differential
A difference in wages that arises to offset the nonmonetary characteristics of different jobs.
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