The quick ratio is current assets minus current liabilities

Indicate whether the statement is true or false

F

Business

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A business collects cash from a customer for services that were preformed one month earlier. Which of the following accounts is credited?

A) Cash B) Accounts Receivable C) Service Revenue D) Accounts Payable

Business

Reginald was happily jogging up the street in his florescent green jogging shorts while listening to his favourite cassette, ?The Best of Anne Murray,? in his Sony Walkman. Seeing a bus go by with a sign that claimed ?iPhone is THE way,? Reginald snorted, ?That'll be the day.? Reginald belongs to which adopter group?

a. early adopters b. laggards c. late majority d. early majority

Business