Jones,IncHas a Current Ratio Equal to 1

question 83

Multiple Choice

Jones,Inc.has a current ratio equal to 1.40.Which of the following transactions will increase the company's current ratio?

• A) The company collects $500,000 of its accounts receivable.
• B) The company sells $1 million of inventory on credit.
• C) The company pays back $50,000 of its long-term debt.
• D) The company writes a $30,000 check to pay off some existing accounts payable.

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Definitions:

McClelland's Three Needs

A theory of motivation that highlights three primary needs influencing human behavior: the need for achievement, the need for affiliation, and the need for power.

Maslow's Hierarchy

a psychological theory proposed by Abraham Maslow that categorizes human needs into five levels, from basic physiological needs to self-actualization.

Erikson's Life Stages

A psychological theory proposed by Erik Erikson that describes eight stages of human development, each characterized by a specific conflict that must be resolved for healthy psychological development.

Requires Supervision

A condition or situation that necessitates oversight or managerial direction, often to ensure compliance, safety, or quality.