Use Rizwi Corporation's List of Accounts at December 31,2017 to Answer

question 131

Multiple Choice

Use Rizwi Corporation's list of accounts at December 31,2017 to answer the following question:
Rizwi Corporation
List of Accounts at December 31,2017
$\begin{array}{lrr}\text { Cash } & \$ 30,000 &\text { Accumulated Depreciation } & \$ 12,000 \\\text { Merchandise } & 21,000 & \text { Notes Payable-Due } 12 / 31 / 2025 & 120,000 \\\text { Inventory } &&& \\\text { Land } & 40,000 &\text { Accounts Payable } & 14,000 \\\text { Buildings } & 80,000& \text { Equipment } & 33,000 \\\text { Accounts Receivable } & 25,000& \text { Notes Payable-Due } 07 / 01 / 2019 & 2,000\end{array}$ What is Rizwi Corporation's current ratio?

• A)0.48 to 1
• B)2.00 to 1
• C)2.55 to 1
• D)2.86 to 1

Understand Piaget's stages of cognitive development and the characteristics of each stage.

Recognize the concept of egocentric thinking and how it manifests in children’s behavior.

Identify methods to assess a child’s understanding of object permanence, conservation, and other cognitive concepts.

Distinguish between the concepts of assimilation and accommodation.

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Definitions:

Taxable Estate

The total value of an individual's estate that is considered when determining estate taxes, including all assets minus allowable deductions.

Alpha Stock

Typically refers to securities that are expected to outperform the market or their sector, based on investment analysis.

Funeral Expenses

Costs associated with burial or cremation and related services, often considered in estate planning and asset distribution.

Executor

An individual or institution appointed to execute the terms of a will, managing the estate of the deceased according to the will's instructions.