Solvent Ltd Has a Quick Ratio of 1

question 5

Multiple Choice

Solvent Ltd has a quick ratio of 1.2:1 and its current liabilities amount to $200,000. If it purchased $40,000 of inventory on credit, its new quick ratio would be:

• A)unable to be calculated.
• B)higher.
• C)unaffected by the transaction.
• D)lower.

Understand the basic concepts of genetic modification and traditional plant breeding.

Comprehend the role of modern agricultural techniques, including the use of pesticides, insecticides, and synthetic fertilizers, in meeting food demand.

Recognize the classifications and functions of biological molecules such as lipids and carbohydrates.

Identify components and significances of fingerprints, including organic and inorganic elements.

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Definitions:

Monetary Compensation

Financial payment provided to an individual for services rendered, such as a salary, wages, or benefits.

Breach of Contract

Not meeting any provision of a contract, be it written or spoken, without an acceptable legal justification.

Principle of Mitigation

The legal obligation on a party suffering loss to take reasonable action to minimize the amount of the loss suffered.

Principle of Remoteness

A legal doctrine limiting the amount of compensable damage to what can be reasonably foreseen.