For Each of the Following Transactions,indicate Whether the Current Ratio

question 83

Short Answer

For each of the following transactions,indicate whether the current ratio increases (IN),decreases (DE),or is not affected (NA).
a.Purchased equipment for cash
b.Paid a current liability
c.Cash received from outstanding accounts receivable
d.Cash sale of a long-term asset for a gain
e.Purchased inventory on credit

Distinguish between different types of listening and their importance in sales communication.

Recognize the significance of empathy in understanding clients' needs and building long-term relationships.

Identify various nonverbal communication cues and their impact on sales interactions.

Comprehend the self-concept theory and its relevance to buyer behavior.

---

Definitions:

Salvage Value

The appraisal of an asset’s market price at the exhaustion of its operational time.

Depreciation Rates

The percentage at which an asset's value is reduced to account for wear and tear over its useful life.

Units-of-activity Method

A depreciation method that allocates the cost of an asset over its useful life based on units of production or use, rather than passage of time.

Straight-line Method

A method of calculating depreciation by evenly allocating the cost of an asset over its estimated useful life.