The Financial Statements for Barrington Service Company Include the Following

question 61

Multiple Choice

The financial statements for Barrington Service Company include the following items: $$\begin{array} { | l | r | r | } \hline &{ 2019 } & { 2018 } \\\hline \text { Cash } & \$ 49,500 & \$ 50,000 \\\hline \text { Short-term Investments } & 29,000 & 19,000 \\\hline \text { Net Accounts Receivable } & 60,000 & 46,000 \\\hline \text { Merchandise Inventory } & 156,000 & 48,000 \\\hline \text { Total Assets } & 532,000 & 544,000 \\\hline \text { Accounts Payable } & 133,500 & 127,000 \\\hline \text { Salaries Payable } & 20,000 & 15,000 \\\hline \text { Long-term Note Payable } & 59,000 & 54,000 \\\hline\end{array}$$ Compute the current ratio for 2018.(Round answer to two decimal places.)

• A) 1.15
• B) 0.87
• C) 3.83
• D) 6.48

Identify effective and ineffective strategies for anger management.

Explain the benefits of mindfulness meditation and how it operates.

Recognize factors contributing to personal satisfaction and emotional states.

Understand the concept of locus of control and its implications on stress and coping.

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Definitions:

China

A country in East Asia, known for its vast history, cultural significance, and as a major global economic power.

Violate

To break or fail to comply with a rule or formal agreement.

Limited Liability Partnership

A business structure that allows partners to have limited liabilities, protecting personal assets from business debts.

Owners

Individuals or entities that possess an item or asset and have legal rights and control over it.