When Tri-C Corp

question 68

Multiple Choice

When Tri-C Corp.compares its ratios to industry averages,it has a higher current ratio,an average quick ratio,and a low inventory turnover.What might you assume about Tri-C?

• A) Its cash balance is too low.
• B) Its cost of goods sold is too low.
• C) Its current liabilities are too low.
• D) Its average inventory is too high.

Distinguish between progressive and regressive taxes and their effects on different income groups.

Recognize the role of economic systems and policies in creating work-related poverty.

Understand the historical developments leading to modern capitalism and its effects.

Identify the effects of minimum-wage legislation on poverty.

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Definitions:

Operating Activities

Activities that are directly related to the primary business operations, such as selling products or services and associated costs.

Net Income

The overall income a business makes once all costs, such as taxes and operational expenditures, are deducted from the total earnings.

Net Cash

This refers to the amount of cash remaining after all cash outflows are subtracted from all cash inflows over a given period.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, not including cash equivalents.