A Decrease in Which One of the Following Accounts Increases

question 64

Multiple Choice

A decrease in which one of the following accounts increases a firm's current ratio as well as its quick ratio?

• A)Accounts payable
• B)Cash
• C)Accounts receivable
• D)Inventory
• E)Fixed assets

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Definitions:

Nonverbal Cues

Forms of communication without words, such as body language, gestures, and facial expressions, that convey meaning or emotion.

Prospective Buyer

An individual or entity showing interest in purchasing a product or service, but who has not yet made a purchase.

Interest Stage

A phase in the sales or marketing funnel where potential customers become aware of a product or service and begin to show curiosity or engagement.

Selective Questioning

A technique of asking questions that are strategically chosen to guide a conversation or elicit specific information.