Use the information presented below for Chambersburg Corp for 2017 and 2016 to answer the questions that follow. Chambersburg uses the straight-line depreciation method. 2017 2016 Property, plant, and equipment $ 250,000 $190,000 Accumulated depreciation 100,000 85,000 Depreciation expense 62,500 47,500 Net sales 1,000,000 900,000 Average Total assets 625,000 475,000 Refer to the information for
Chambersburg Corp What is the asset turnover ratio for Chambersburg for 2017?
a. 1.60 times
b. 1.82 times
c. 4.00 times
d. 4.55 times
a
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A corporation cannot be held liable for the criminal acts of its employees
a. True b. False Indicate whether the statement is true or false
Delta Faucet CompanyMasco is the name of a well-recognized company in the construction industry. It produces cabinetry, furniture, lighting, and plumbing fixtures for the upper-end homeowner and builder. One of the divisions of Masco is the Delta Faucet Company, which is the leader in the faucet industry. Delta Faucet was founded in 1955. Over the decades, it has developed a legacy based on well-crafted, high-quality products. Since the 1970s, Delta has focused its energies on building loyalty with the builder marketplace. Research in 2002 showed that while builders respect the Delta faucet for its quality, durability, and dependability, household consumers were not enamored with Delta products. Due to the number of new magazines and television programs devoted to home style, homeowners
wanted faucets that were chic and stylish. This was not the image of the Delta Faucet. To change its image, Delta Faucet began a marketing program in which it committed itself to developing new products to appeal to homeowners. It adopted a new slogan, "Beautifully Engineered."Refer to Delta Faucet Company. While new home construction is not growing as rapidly as it once did, the number of homeowners who are remodeling bathrooms and kitchens is growing. According to the portfolio matrix, Masco would consider Delta a(n): A. question mark B. exclamation point C. star D. cash cow E. problem child
If a limited partner materially participates in the trade or business of a limited partnership, the passive loss rules still apply.
Answer the following statement true (T) or false (F)
A similarity between e-commerce and traditional commerce is that both:
A) use the same mode of service to cater to consumers. B) require a physical store to sell consumer goods. C) use magazines to provide product information. D) concentrate on selling products to generate profit.