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The Data of Graham Brothers Company for Two Years Are

question 95

Multiple Choice

The data of Graham Brothers Company for two years are given below. The data of Graham Brothers Company for two years are given below.   Based on the above information,which of the following statements is TRUE? A) Cash ratio has increased from 0.02 in 2018 to 0.03 in 2019. B) Cash ratio has increased from 0.05 in 2018 to 0.08 in 2019. C) Cash ratio has increased from 0.387 in 2018 to 0.221 in 2019. D) Cash ratio has increased from 0.221 in 2018 to 0.387 in 2019. Based on the above information,which of the following statements is TRUE?

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Definitions:

Support Department

Units within an organization that provide essential services or support to the primary operations departments but do not directly participate in production activities.

Purchase Requisitions

Documents used within organizations to officially request the purchase of goods or services, usually for approval before a purchase order is issued.

Cost Driver

A factor that causes or influences the cost of certain activities to change, such as the number of units produced, hours worked, or material used.

Support Department

A division or unit within an organization dedicated to providing necessary services and support to the operational sectors, facilitating their functions.

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