Ryman Company reported inventory of $2.3 million in 2018 and $3.1 million in 2019. In addition, its accounts payable wer

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: Ryman Company Reported Inventory Of 2 3 Million In 2018 And 3 1 Million In 2019 In Addition Its Accounts Payable Wer 1 (26.38 KiB) Viewed 3 times

: Ryman Company Reported Inventory Of 2 3 Million In 2018 And 3 1 Million In 2019 In Addition Its Accounts Payable Wer 2 (28.92 KiB) Viewed 3 times

: Ryman Company Reported Inventory Of 2 3 Million In 2018 And 3 1 Million In 2019 In Addition Its Accounts Payable Wer 3 (30.57 KiB) Viewed 3 times

: Ryman Company Reported Inventory Of 2 3 Million In 2018 And 3 1 Million In 2019 In Addition Its Accounts Payable Wer 4 (13.32 KiB) Viewed 3 times

: Ryman Company Reported Inventory Of 2 3 Million In 2018 And 3 1 Million In 2019 In Addition Its Accounts Payable Wer 5 (31.88 KiB) Viewed 3 times

: Ryman Company Reported Inventory Of 2 3 Million In 2018 And 3 1 Million In 2019 In Addition Its Accounts Payable Wer 6 (29.84 KiB) Viewed 3 times

Ryman Company reported inventory of $2.3 million in 2018 and $3.1 million in 2019. In addition, its accounts payable were $1.8 million in 2018 and $2.1 million in 2019. What is the effect of the changes in these account balances on cash flows from operating activities? Multiple Choice O The increase in inventory and trade payable would increase the cash flow. The increase in inventory would increase cash flow while the increase in trade payables would decrease cash flow. The increase in inventory and trade payable would decrease the cash flow The increase in inventory would decrease cash flow while the increase in trade payables would increase cash flow
Which of the following fits the definition of current liabilities? Multiple Choice O O O O short-term obligations that will be paid with current liabilities within the current operating cycle or one year, whichever is shorter. short-term obligations that will be paid with current liabilities within the current operating cycle or one year, whichever is longer. short-term obligations that will be paid with current assets within the current operating cycle or one year, whichever is longer short-term obligations that will be paid with current assets within the current operating cycle or one year, whichever is shorter.
Wagner Company had a quick ratio of 1.84 in 2018. By the end of 2019 the ratio was 2.28. Which of the following is NOT true? Multiple Choice O O The company has a weaker liquidity position in 2019 than they did in 2018. The company was more liquid in 2019 in comparison to its position in 2018. Current assets and current liabilities are related to both the quick ratio and working capital calculations. The company increased its quick assets at a faster rate than its current liabilities.
Accounts payable are generally incurred as a result of the purchase of goods and services in the normal course of business. True or False True False
Failure to accrue wages incurred but not paid has the following impact: Multiple Choice an overstatement of net earnings, understatement of liabilities, and overstatement of shareholders' equity. an understatement of net earnings, overstatement of liabilities, and understatement of shareholders' equity. an overstatement of net earnings and overstatement of liabilities. an understatement of net earnings and overstatement of liabilities.
Interest expense on a note payable is computed by multiplying Multiple Choice O O the face value of the note by the annual interest rate by the time period for the loan (expressed as a portion of the year that the loan has been outstanding). the face value of the note by the annual interest rate by the number of days outstanding the face value of the note by the annual percentage rate. the face value of the note by the annual interest rate divided by 365.