The Fortune Company reported the following income for Year 2: Sales$130,000 Cost of goods sold 80,000 Gross margin$50,000 Selling and administrative expense 15,000 Operating income$35,000 Interest expense 5,000 Income before taxes$30,000 Income tax expense 10,000 Net income$20,000 ?What is the company's number of times interest is earned ratio?
A. 6 times
B. 7 times
C. 4 times
D. None of these answers are correct.
Answer: B
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The cost of retroactive benefits granted in a plan amendment or at the initial adoption of a pension plan is called
A) accumulated benefit cost. B) service cost benefits. C) prior service cost. D) vested benefits.
A company wants to create an association between two stimuli: marketing information and attitude. The company is relying on ________.
A. cognitive affiliation B. operant conditioning C. cognitive association D. organizational learning E. classical conditioning
An ethical communicator will substantiate any claims made and reflect a sensitivity to those who might find a message offensive
Indicate whether the statement is true or false
In his book, The Wealth of Nations, the Scottish economist Adam Smith was the first person to describe
a. socialism b. communism c. capitalism d. entrepreneurship