Bach Instruments Had Total Assets of $560,000;total Liabilities of $250,000;and

question 31

Multiple Choice

Bach Instruments had total assets of $560,000;total liabilities of $250,000;and total Stockholders' Equity of $310,000.Bach's debt ratio is:

• A)55.4%.
• B)80.6%.
• C)44.6%.
• D)28.7%.

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Definitions:

Expert Power

The influence and authority someone has due to their specialized knowledge or expertise.

Coercive Power

A form of power that is based on the ability to deliver punishments or impose sanctions on others.

Referent Power

is the influence one has over others based on their loyalty, respect, or admiration towards the person.

Expert Power

Influence or authority derived from the expertise, skills, or knowledge that a person has in a particular area.