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Alpha Enterprise Has Total Current Assets of $2,000,000 and Total

question 186

Multiple Choice

Alpha Enterprise has total current assets of $2,000,000 and total current liabilities of $800,000.If the company purchases $100,000 of inventory on account,while none of its other assets and liabilities change,its current ratio will ________.

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Definitions:

Customer Service Department

A division of a business that handles customer inquiries, complaints, and provides assistance with products or services.

Customer G

This does not represent a widely recognized key term in a generic context, so it is not applicable for a general definition.

Time-Driven Activity-Based Costing

An approach to Activity-Based Costing that uses time as the main driver for allocating overhead costs to products or services.

Customer Cost Analysis

An evaluation method that determines the total cost of acquiring, servicing, and retaining a customer.

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