Regarding Affirmative Action plans, which of the following is true?
a. it may be used to remedy a "manifest imbalance"
b. the imbalance must meet the four-fifths rule
c. the imbalance must have resulted from past discrimination
d. all of these are true
A
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The account Unrealized Gain (Loss) on Trading Investments should be included in the
a. income statement as other revenue (expense) b. balance sheet as an adjustment to the asset account c. balance sheet as an adjustment to stockholders' equity d. statement of retained earnings
Use the equation presented below to answer the question that follows: Cash = CL + LTL + CS + RE – NCCA – LTA where: CL = Current liabilities LTL = Long-term liabilities CS = Common stock RE = Retained earnings NCCA = Noncash current assets LTA = Long-term assets Which of the following activities results in a cash inflow?
a. Increases in noncash current assets (NCCA) b. Decreases in current liabilities (CL) c. Increases in common stock (CS) d. Decreases in retained earnings (RE)
Level of quality, features, functions, and design are all examples of ________
A) core benefits B) product attributes C) levels of a product D) product mixes E) product utility
Astro, Inc. uses target costing and will soon enter a very competitive marketplace in which it will have limited influence over the prices that are charged. Management and consultants are working to fine-tune the company's sole service, which hopefully will generate a 12% return (profit) on the firm's $24,000,000 asset investment. The following information is available:Hours of service to be provided: 34,000Anticipated variable cost per service hour: $30Anticipated fixed cost: $2,560,000 per yearRequired:A. How much profit must Astro produce to achieve a 12% return?B. Calculate the revenue per hour that Astro must generate to achieve a 12% return.C. Assume that prior to entering the marketplace, management conducted a planning exercise to determine whether a 14% return could be attained
in year no. 2. Can the company achieve this return if (a) competitive pressures dictate a maximum selling price of $195 per hour and (b) service hours, variable cost per service hour, and fixed costs are the same as the amounts anticipated in year no. 1? Show calculations.D. If your answer to part "C" is "no," suggest and briefly describe a procedure that Astro might use to achieve desired results. What will be an ideal response?