Which one of the following facts sets Holden Outerwear apart from other outerwear brands?
a It takes cues from the world of high fashion for designing apparel.
b It uses synthetic waterproof fabric for all its products.
c It offers a range of unisex products.
d It manufactures garments in-house.
a: It takes cues from the world of high fashion for designing apparel.
Holden Outerwear takes cues from the world of high fashion for designing apparel. Organizations can create competitive advantage for themselves if they have a distinctive competence that allows them to make, do, or perform something better than their competitors.
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Last year Vaughn Corp. had sales of $315,000 and a net income of $17,832, and its year-end assets were $210,000. The firm's total-debt-to-total-assets ratio was 42.5%. Based on the DuPont equation, what was Vaughn's ROE?
A. 14.77% B. 15.51% C. 16.28% D. 17.10% E. 17.95%
Mellon Corporation The data presented below is for Mellon Corporation for the year ended December 31, 2016: Sales (100% on credit) $1,500,000 Sales returns 60,000 Accounts Receivable (December 31, 2016) 250,000 Allowance for Doubtful Accounts [Credit Balance] (Before adjustment at December 31, 2016 3,000 Estimated amount of uncollectible accounts based on an aging analysis 31,000 Refer to the
information for Mellon Corporation. If Mellon uses the aging of accounts receivable approach to estimate its bad debts, what will be the net realizable value of its accounts receivable after the adjustment for bad debt expense? a. $216,000 b. $219,000 c. $222,000 d. $250,000
As interest is recorded on an interest-bearing note, the Interest Expense account is
A) decreased; the Interest Payable account is increased. B) increased; the Interest Payable account is increased. C) increased; the Notes Payable account is decreased. D) increased; the Notes Payable account is increased.
"Shortly after the Reigle-Neal Act was passed, many interstate banks divided their operations so that their branches reported to the state subsidiaries rather than to the main holding company."
Answer the following statement(s) true (T) or false (F)