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Show the effect of the following transactions on cash, net working capital, and the current ratio. Assume that the current ratio exceeds 1.0 to begin.
a. The firm borrows $1,000 short term and pays $500 in accounts payable.
b. The firm factors $1,000 in receivables at a 5% discount.
c. The firm issues $1,000 in long-term bonds, using the proceeds to pay $800 in payables and purchase $200 in marketable securities.
Whale Songs
Complex sequences of vocalizations produced by whales, particularly males, that are thought to play a role in communication and mating behaviors.
Functions
The natural purpose or activities associated with a person, organ, or system in biology, or a specific role or activity in more general contexts.
Birdsong
Vocalized sounds produced by birds, which can serve various functions including communication and mating.
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