Which of the following statements regarding liquidity ratios is false? a. the purchase of a building for cash has no effect on liquidity. b. a high current ratio generally indicates the ability to pay current liabilities on a timely basis. c. as a rule of thumb, a current ratio of 1 or higher often reflects an acceptable level of liquidity. d. all of the other statements are true. e. providing services to customers for cash improves liquidity.

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?

What is the cause of smoky exhaust?

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.