The Following Is a Partial List of Account Balances from the Books

question 4

Multiple Choice

The following is a partial list of account balances from the books of Probst Enterprise at the end of 2010: $$\begin{array} { l r } \text { Accounts payable } & \$ 20,500 \\\text { Accounts receivable } & 12,300 \\\text { Accrued interest on short-term note } & 1,200 \\\text { Cash } & 6,500 \\\text { Wages payable } & 1,300 \\\text { Income taxes payable } & 1,900 \\\text { Inventory } & 10,000\end{array}$$ Based solely upon these balances,what is the quick ratio?

• A)0.76
• B)1.15
• C)0.26
• D)0.79

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Definitions:

Situational Attribution

Refers to the process of explaining someone's behavior based on external factors or circumstances rather than on internal characteristics.

Attitude

Feelings, often influenced by our beliefs, that predispose us to respond in a particular way to objects, people, and events.

Foot-In-The-Door

A persuasive technique involving making a small request first to increase the likelihood of agreement to a larger request later.

Role Playing

A method for exploring the behaviors and attitudes of individuals by having them adopt and act out the role of a specific character or person.