Ingram Dog Kennels had the following financial statistics for 2012: Long-term debt (average rate of interest is 8%) $400,000 Interest expense 35,000 Net income 48,000 Income tax 46,000 Operating income 107,000 What is the times interest earned for 2012?
a. 11.4 times
b. 3.3 times
c. 3.1 times
d. 3.7 times
e. None of the answers are correct.
D
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In recent years, the largest amount of foreign-exchange trading has involved
a. foreign-exchange swaps and spot transactions. b. spot transactions and forward transactions. c. forward transactions and foreign-exchange swaps. d. foreign-exchange options and spot transactions.
How are the cash flow effects from the purchase and sale of intangible assets reported on a statement of cash flows?
a. As operating activities b. As investing activities c. As financing activities d. They are not reported on a statement of cash flows.
When considering whether to be first to enter with a new product and/or into a new market, entrepreneurs must assess whether the first-mover advantages outweigh the first-mover disadvantages. Identify the three influences such an assessment depends on and briefly describe each one.
What will be an ideal response?
Katerina is told by her sales manager, "Do whatever you need to do to get the sale," yet the company has ethical selling standards. Katerina faces the ethical problem of
A. limited commission reinforcement. B. mixed signals from her sales manager. C. sales force compensation inequity. D. customer relationship management. E. unqualified lead generation.