A Company Has the Following Accounts A) 358%
B) 3

question 41

Multiple Choice

A company has the following accounts.What is the acid test ratio?
$\begin{array}{lrlr}\text { Cash } & \$ 6,754 & \text { Dividends } & \$ 2,000 \\\text { Accounts receivable } & 13,733 & \text { Consulting fees earned } & 13,718 \\\text { Office supplies } & 2,625 & \text { Rent expense } & 3,673 \\\text { Land } & 37,153 & \text { Salaries expense } & 6,64 \\\text { Office equipment } & 14,535 & \text { Telephone expense } & 560 \\\text { Accounts payable } & 6,463 & \text { Miscellaneous expense } & 280 \\\text { Common stock } & 54,490 & \text { Retained earnings } & 13,847\end{array}$

• A) 3.58%
• B) 3.17%
• C) 1.80%
• D) 4.00%
• E) 2.68%

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Definitions:

Agency Thinking

The capacity of individuals to act independently and make their own free choices, influenced by personal beliefs and goals.

Problem-focused Coping

A coping strategy targeting the causes of stress in practical ways, aiming to reduce or eliminate the stressors.

Explanatory Style

An individual's habitual way of explaining events, especially the causes of adverse events, which can influence their psychological health.

Internal Attributions

The inference that a person's behavior is due to their own internal characteristics, such as personality, beliefs, or efforts, rather than external circumstances.