When using the Bardahl formula, an increase in annual credit sales (while holding the average accounts receivable balance constant) has which of the following effects on the working capital requirements?
A) increase
B) decrease
C) no effect
D) increase, decrease, or no effect, depending on other factors
B) decrease
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Each of the following is a Kano Model procedure except
A) interpret and evaluate results. B) construct the Kano questionnaire and interview customers. C) identify project requirements and customer expectations as though you are walking in the customer's shoes. D) close down the project.
Related industries create the probability that new companies will enter the market. This ________ competition and forces existing firms to improve ________.
A. decreases; efficiency B. decreases; innovation C. decreases; sales D. increases; efficiency
Use Figure Scenario 11.2 to answer this question. How many additional units of P are needed to produce ten end items?
A) 46 B) 38 C) 10 D) 13
Marbry Corporation has provided the following information concerning a capital budgeting project: After-tax discount rate 9%Tax rate 30%Expected life of the project 4 Investment required in equipment$160,000 Salvage value of equipment$0 Annual sales$460,000 Annual cash operating expenses$340,000 One-time renovation expense in year 3$60,000 The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting.The income tax expense in year 2 is:
A. $24,000 B. $6,000 C. $36,000 D. $19,500