[单项选择]A company uses cash to pay off a short-term notes payable. If the company’s current ratio before the transaction is 2.0 times and the quick ratio was 1.0 times, how would this transaction affect the company’s current, quick and debt ratios Current ratio Quick ratio Debt-to-equity ratio（　）
A. Increase Increase Decrease
B. Decrease Decrease Increase
C. Increase Remain unchanged Decrease

[单项选择]Passage TwoA. They can pay off the unpaid tuition bills after they graduate.
B. Government guarantees them a cheaper access to education.
C. Some schools have on-diet plans on the courses for students.
D. They can gain financial aid or scholarships through certain ways.

[填空题]Our efforts will pay off if the results of the research______(能应用于新技术的开发)．

[填空题]The creditor__________(给他施加压力)to pay off the loan so that he nearly had nervous breakdown.

[单项选择]The cash price consumers pay for a product is most likely to increase as the result of a:（）
A. government subsidy to product producers.
B. quota on how much of the product can be produced.
C. new law imposing high penalties for sales of the product.

[填空题]THE LECTURE ON COMPANY SECRETS
LECTURE NOTES：
1．The purpose of protecting company secrets is to prevent serious ______ from happening．
2．The types of company secrets include financial information，details about production process，and secret information about future ______．
3．Every year，companies lose millions of dollars because of ______．
4．It’s the responsibility of ______ to safely protect company secrets．
5．Mr．Barnard has to ______ and to protect the company secrets．
6．The first option for Mr．Barnard is a company that specializes in ______．
7．The Termination Service protects company ______ and monitors behavior of the employees who have just been fired．
8．When monitoring，the rule is that the terminated take their ______ only．
9．Another milder method is the signing of ______．
10．Non-competes can be a ______ to keep your most important assets from being taken by your competit

[判断题]A cheque which reads "Pay cash" is a valid cheque.

[单项选择]Unless ______ by credit card, please pay in cash.
A. pay
B. is paid
C. paying
D. paid

[单项选择]An analyst notes the following about a company: Beginning inventory was reported as $ 5000. Costs of goods sold was reported as $ 8000. Ending inventory was $ 7000 (the analyst has physically verified this amount). Which of the following statements about this situation is most likely correct（）
A. Purchases must have been $ 8000.
B. If the analyst discovered that beginning inventory was understated by $ 2000 then earnings before taxes must have been overstated by $ 2000.
C. If the analyst discovered that beginning inventory was overstated by $1000 then COGS must have been understated by $1000.