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Author Question: For a retailer with inventory to sell, the acid-test ratio will be A) less than the current ... (Read 67 times)

RYAN BANYAN

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For a retailer with inventory to sell, the acid-test ratio will be
 
  A) less than the current ratio, thus providing a more stringent measure of liquidity.
  B) unimportant because it doesn't include inventory.
  C) greater than the current ratio, thus providing a more stringent measure of liquidity.
  D) greater than the current ratio, thus providing a less stringent measure of liquidity.

Question 2

A dwelling with a replacement cost of 150,000 was insured under a Homeowners 3 policy for 100,000 at the time the roof was destroyed by a windstorm. The actual cash value of the loss was 9,000, but it will cost 12,000 to replace the roof.
 
  Ignoring any deductible, what will the insurer pay to settle this loss?
  A) 8,000
  B) 9,000
  C) 10,000
  D) 12,000


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cloud

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RYAN BANYAN

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Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review


bassamabas

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Reply 3 on: Yesterday
Excellent

 

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