Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,147,000. Compute the division's return on investment:
A. 21.3%.
B. 17.3%.
C. 14.7%.
D. 18.6%.
E. 10.4%.
Answer: B
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A production process produces 2% defective parts. A sample of 5 parts from the production is selected. What is the probability that the sample contains exactly two defective parts? Use the binomial probability function and show your computations to answer this question.
What will be an ideal response?
Over time, the nature of business's relationship with its stakeholders often:
A. Evolves through a series of stages. B. Remains static. C. Becomes more hostile. D. None of these answers is correct.
ABC operates a factory in the United Kingdom. Because the company’s existing factory doesn’t have the capacity to meet the future demands, it is considering various options. Consider the payoff matrix that shows the payoff for each combination of decision and state of nature. Determine the best alternative using the minimax regret criterion.
a. Expand current facility.
b. Build small factory.
c. Build large factory.
d. Determine a new alternative.
The collection period is:
A) The time it takes to acquire and sell inventory B) The time from the sale of the product until funds are actually received C) The time creditors give to pay D) The time between ordering inventory and having a full inventory