Why is intermodal transportation often desirable for firms?
What will be an ideal response?
A successful answer will note that intermodal transportation allows a firm to take advantage of the strengths of several modes of transportation. For example, motor carriers can be used for first- and last-mile delivery because of their accessibility while a rail carrier can be used for a long haul due to its relatively low cost.
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Able Bakers sells cooking supplies and training services. Under a contract with Putnam Restaurants, Able will provide $60,000 of supplies and three months of training for $2,000 per month. Able's right to receive consideration for cooking supplies is conditional upon providing one month of training services before they can bill the customer for the supplies. When Able delivers the supplies on the
first day of training services, Able will recognize A) $60,000 receivable. B) $60,000 contract liability. C) $60,000 contract asset. D) $60,000 unearned revenue.
Antitrust laws differ among countries, and complying with them is often difficult for the firm, so
A. the U.S. government is pushing for a world organization to clear antitrust issues. B. international firms have had to increase their legal staffs to ensure compliance. C. firms have moved toward fewer mergers and more regionalized organizations. D. firms expect to be in antitrust litigation and act accordingly.
Organizations that operate closer to the cutting edge of a technology rely more on ________ and less on benchmarking what is already being practiced elsewhere.
A. capitalization B. auditing C. base technologies D. environmental scanning E. key technologies
The measure (ratio) that reflects the performance of a manager regarding sales and cost of goods sold, but not other operating costs and income taxes, is called the:
A. operating margin ratio. B. contribution margin ratio. C. gross margin ratio. D. profit margin ratio.