acid test

listen to the pronunciation of acid test
English - English
a rigorous test or appraisal of the quality or worth of something
Also known as the quick ratio, this tests a company’s liquidity by determining whether a company could meet its current liabilities from current assets other than stock This test may be inappropriate to normal business practice in many industries
The acid test of something is an important aspect or result that it might have, which allows you to decide whether it is true or successful. The acid test of a school is `would you send your own children there?'. A decisive or critical test, as of worth or quality
a rigorous or crucial appraisal
This is a ratio of your ready-cash items (cash, accounts receivable, and marketable securities) to your current liabilities A higher ratio of ready cash items over current debts usually indicates a healthier company, one more likely to meet its current obligations
A means of determining the fineness of gold through the use of nitric acid and aqua regia
Used to determine the presence of carbonates and is performed by placing a few drops of hydrochloric acid on the surface of a rock
A test proposed by IBM in the 1960s for transaction database management systems: Atomicity, Consistency, Isolation, Durability An ACID-compliant database such as Oracle or SQL Server can guarantee that two updates will be done together (atomicity), that rules for integrity can be established and enforced (consistency), that concurrent users won't see each others' half-finished work (isolation), that information won't be lost even if a hard disk dies (durability) See the Basics chapter and SQL for Web Nerds at http: //philip greenspun com/sql/ for more
Current assets less inventory less prepaid expenses divided by current liabilities
Short-term assets minus accounts receivable and inventory, divided by short-term liabilities This is a test of a company's ability to meet its immediate cash requirements It is one of the more common business ratios used by financial analysts
A method for determining the fineness of gold by subjecting it to various acids For testing up to 10K gold, nitric acid is used Gold finer than IOK reacts only with a mixture of nitric and hydrochloric acids known as aqua regia
Measures ability to meet current debt This is a stringent test since it discounts the value of inventories Cash and near-cash divided by current liabilities A rule of thumb is one to one A lower ratio indicates illiquidity A higher ratio may indicated unused funds
decisive test, last and final examination; test of fate; test of acidity in a substance
acid tests
plural form of acid test
acid test
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