________ goods constitute the bulk of most countries' production and marketing efforts

A business purchases equipment by paying $6,276 in cash and issuing a note payable of $19,177. Which of the following occurs?

A) Cash is credited for $6,276, Equipment is credited for $25,453, and Notes Payable is debited for $19,177. B) Cash is credited for $6,276, Equipment is debited for $25,453, and Notes Payable is credited for $19,177. C) Cash is debited for $6,276, Equipment is debited for $19,177,and Notes Payable is credited for $25,453. D) Cash is debited for $6,276, Equipment is credited for $19,177, and Notes Payable is debited for $12,901.

Which of the following ratios would be the most useful to assess the risk associated with a firm

being able to pay off its short-term line of credit? A) the acid test ratio B) the fixed asset turnover C) the operating profit margin D) return on equity