Scrubber, inc, presented the following information in a note to its financial statements for the year ending december 31, 2016.

the company has a loan agreement with mountain state bank that states:

1. the current ratio should remain at least 2.0 to 1 at all times.

2. the debt-to-equity ration should not exceed .7 to 1 at any times.

3. the company must maintain $75,000 cash at all times.

the ratios at year-end are: current ratio, 2.3. to 1 and debt-to-equity ratio, .2 to 1. the amount of cash on the bank statement is $75,400, but the cash account after the adjustments from the bank reconciliation has a balance of $74,900. has scrubber violated its loan agreement?

a. no

b. yes, the cash balance is less than $75,000

c. yes, the current ratio is .3 or 30% larger than the agreement indicates.

d. yes, the cash balance is less than $75,000, and the debt-to-equity ratio is overstated.

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

An office manager is concerned with declining productivity. despite the fact that she regularly monitors her clerical staff four times each day—at 9: 00 am, 11: 00 am, 1: 00 pm, and again at 3: 00 pm—office productivity has declined 30 percent since she assumed the helm one year ago. would you recommend that the office manager invest more time monitoring the productivity of her clerical staff? explain.

Throne technical university is looking for three people to work in its plant-biology laboratory. the hiring manager is finding that the most suitable job candidates live in other countries and are not willing to move to the city where the university is located. which situation is the university facing? a. lack of flexible workforce b. surpluses in labor talent c. an appearance of quota systems d. deficits in minimum wage demands