Difference in effort and performance
a. effort is twice as important when it comes to gaining success
b. performance is single important factor when it comes to gaining success
c. neither effort nor performance is important when it comes to gaining success
d. none of the above
Answer is a. effort is twice as important when it comes to gaining success ( Effort counts twice because as you're developing skill as a employee you're also creating performance that may lead to various forms of achievement in your work environment)
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You observe that a company's current ratio has increased significantly. This could indicate that:
a. contingent liabilities are not recorded. b. accounts payable is understated. c. expenses are inappropriately capitalized as assets. d. fixed assets are overstated.
Answer the following statements true (T) or false (F)
1) Price-setters emphasize a target-pricing approach while price-takers emphasize a cost-plus pricing approach. 2) The cost-plus pricing approach is emphasized by price-setters. 3) Companies that are price-takers have considerable flexibility in setting the prices of their products. 4) Special pricing orders increase operating income if the special price exceeds the differential costs of filling the special order. 5) In deciding whether to accept a special pricing order, management should only consider the quantitative data and disregard qualitative factors.
A company's Inventory balance at the end of the year was $188,000 and $200,000 at the beginning of the year. Its Accounts Payable balance at the end of the year was $84,000 and $80,000 at the beginning of the year, and its cost of goods sold for the year was $720,000. The company's total amount of cash payments for merchandise during the year equals:
A. $728,000. B. $720,000. C. $736,000. D. $704,000. E. $712,000.
Interest rates on the U.S. dollar are 6.5% and euro rates are 5.5%. The dollar per euro spot rate is 0.950
What is the arbitrage profit on a required 1 million euro payment if the forward rate is 0.980 dollars per euro and the exchange occurs in one year? A) $10,000 B) $21,000 C) $28,000 D) $34,000