When a company pays its bill from a plumber for previous services on account: (A) Its debt to equity ratio always decreases. Correct
(B) Its current ratio always remains unchanged.
(C) Its working capital decreases.
(D) Its acid-test ratio always remains unchanged.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When a company pays its bill from a plumber for previous services on account: (A) Its debt to equity ratio always decreases. Correct (B) ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
in order to compare the price of gasoline in the 1970s with the price in any other year, you have to adjust for
Answers (1)
Viv entered into a contract with Rodin, an assassin, to kill her ex-husband. She pays him $50,000, but he does not perform the deed. She now wants her money back. Must Rodin return the money?
Answers (2)
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $52,200. 2. Raw Materials of $42,600 were requisitioned to the factory.
Answers (1)
Damon Company receives its monthly bank statement, which reports a balance of $1,875. After comparing this to the company's cash records, Damon's accountants determine that deposits outstanding total $3,700 and checks outstanding total $3,950.
Answers (1)
On January 23, 17,000 shares of Tolle Company are acquired at a price of $24 per share plus a $180 brokerage commission. On April 12, a $0.30-per-share dividend was received on the Tolle Company stock.
Answers (1)
New Questions in Business
Arigold Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at the rate of 62% of direct labor cost.
Answers (1)
When a person is reconciling a checking account and notices that the balance in the checkbook does not match the balance on the statement from the bank, which action is it appropriate for the person to take first?
Answers (1)
The government of Happyland collects $100 million in taxes each year and currently has a public debt of $1.2 billion, which it finances by issuing Treasury bonds that pay 8% per year.
Answers (1)
Weaver Chocolate Co. expects to earn $3.50 per share during the current year, its expected dividend payout ratio is 65%, its expected constant dividend growth rate is 6.0%, and its common stock currently sells for $32.50 per share.
Answers (1)
GANTT refers to the Generalized Activity Network Tracking Technique which was developed to better understand how variability in the duration of individual activities impacts the expected project duration. a. trueb. false
Answers (1)