Quid Pro Quo

question 5

Multiple Choice

quid pro quo

• A) is no longer used in contracts
• B) stands for money (quid) for whom-meaning who should be paid
• C) means this for that
• D) is a way to challenge slow payment

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues.

New Bonds

Securities that have been recently issued, representing loans from investors to issuers such as corporations or governments with a commitment to pay interest and return principal at specified dates.

Cash Ratio

A liquidity ratio that measures a company's ability to pay off its short-term liabilities with its cash and cash equivalents.

Average Collection Period

The average number of days it takes for a business to receive payment from its customers for invoices issued.