The Following Is a Simplified Financial Position Statement for a Company

question 97

Multiple Choice

The following is a simplified financial position statement for a company:
$$\begin{array} { | l | l | l | l | } \hline \text { Assets } & \$ & \text { Liabilities } & \$ \\\hline \text { Cash } & 250000 & \text { Accounts payable } & 1480000 \\\hline \text { Trading securities } & 350000 & \text { Accrued expenses payable } & 420000 \\\hline \text { Accounts receivable } & 1360000 & \text { Taxes payable } & 140000 \\\hline \text { Inventory } & 2470000 & \text { Long-term debt } & 3850000 \\\hline \text { Property } & 3350000 & \text { Shareholders' funds } & 2340000 \\\hline \text { Equipment } & 450000 & & \\\hline\end{array}$$
Calculate the liquidity ratio.

• A) 0.85
• B) 0.96
• C) 1.51
• D) 1.32

Explain the symbiotic relationships involving fungi, including mycorrhizae and lichens.

Identify the significance of fungi in ecosystems as decomposers.

Recognize the roles of fungi in food and beverage production.

Discuss the medical and agricultural importance of fungi, including their benefits and harmful impacts.

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Definitions:

Behaviorism

A theory in psychology that focuses on observable behaviors and disregards mental processes.

Psychoanalysis

Freud’s theory of personality that attributes thoughts and actions to unconscious motives and conflicts. Freud’s therapeutic technique used in treating psychological disorders. Freud believed the patient’s free associations, resistances, dreams, and transferences—and the analyst’s interpretations of them—released previously repressed feelings, allowing the patient to gain self-insight.

Humanistic Psychology

A historically significant perspective that emphasized human growth potential.

Evolutionary Psychology

A theoretical approach in the social and natural sciences that examines psychological structure from a modern evolutionary perspective.