Reliable Moving Company Reported the Following Amounts on Its Balance

question 109

Multiple Choice

Reliable Moving Company reported the following amounts on its balance sheet as of December 31,2019 and December 31,2018: $$\begin{array} { | l | r | r | } \hline &{ 2019 } & { 2018 } \\\hline \text { Cash and Receivables } & \$ 135,000 & \$ 135,000 \\\hline \text { Merchandise Inventory } & 185,000 & 150,000 \\\hline \text { Property, Plant and Equipment, net } & 780,000 & 740,000 \\\hline \text { Total Assets } & \$ 1,100,000 & \$ 1,025,000 \\\hline \text { Total Liabilities } & \$ 435,000 & \$ 465,000 \\\hline\end{array}$$ For the vertical analysis,what is the percentage of total liabilities for December 31,2018? (Round your answer to two decimal places.)

• A) 100.00%
• B) 39.55%
• C) 29.03%
• D) 45.37%

Comprehend the principle of interference with contractual relations and its legal implications.

Recognize the characteristics and defenses of the tort of false light.

Understand the nuances of tort law related to personal and property rights.

Differentiate between public figures and private individuals in the context of defamation and false light.

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Definitions:

Catalyst

A substance that increases the rate of a chemical reaction without being consumed or altered in the process.

Disability Insurance

A type of insurance that provides income in the event that a worker is unable to perform their work and earn money due to a disability.

Disabling Condition

A physical or mental condition that significantly restricts one or more major life activities.

Salary Percentage

A portion or fraction of an employee's salary, often used in contexts such as salary increases or deductions, expressed as a percentage.