In addition to the information contained in Table 4-4, you know that the current ratio for 2010 is 4
and that the corporation paid 11,600 in dividends in 2010. What is Wes Donnell's cash balance for
2010?
A) 6,500 B) 2,500 C) 4,000 D) 13,600
Question 2
Tracy is a trust officer at a bank. One of her responsibilities is to manage funds that have been set aside for the benefit of minor children. What type of bond guarantees that Tracy will faithfully execute her required duties in this capacity?
A) fiduciary bond
B) public official bond
C) court bond
D) performance bond
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