The following balance sheet information is provided for Greene Company for Year 2: Assets Cash $ 7,600 Accounts receivable 13,750 Inventory 15,800 Prepaid expenses 2,600 Plant and equipment, net of depreciation 20,500 Land 14,400 Total assets $ 74,650 Liabilities and Stockholders' Equity Accounts payable $ 3,390 Salaries payable 7,230 Bonds payable (Due in ten years) 17,000 Common stock, no par 11,500 Retained earnings 35,530 Total liabilities and stockholders' equity $ 74,650 What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places.)

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.

On january 1, jackson, inc.'s work-process inventory account showed a balance of $ 66,500. during the year, materials requisitioned for use in production amounted to $ 70,500, of which $ 67,700 represented direct materials. factory wages for the period were $ 210,000 of which $ 187,000 were for direct labor. manufacturing overhead is allocated on the basis of 60% of direct labor cost. actual overhead was $ 116,050. jobs costing $ 353,060 were completed during the year. the december 31 balance in work-process inventory is

Interest is credited to a fixed annuity no lower than the variable contract rate contract guaranteed rate current rate of inflation prime rate