A payday loan is a short-term loan provided to you if you need funds in advance of receiving your paycheck

Indicate whether the statement is true or false.


Answer: TRUE

Business

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It is most appropriate to use a multidomestic strategy when the pressure to lower costs are high and the pressure for local adaptation is also high.

Answer the following statement true (T) or false (F)

Business

Find the area under the normal curve between the Z values 0.37 and 0.51.

A. 5.07% B. 4.10% C. 17.23% D. 19.99%

Business

The main trait of a single-period model is that:

A) inventory has limited value after a certain period of time. B) it has the largest EOQ sizes. C) the order quantity should usually equal the expected value of demand. D) supply is limited. E) the cost of a shortage cannot be determined accurately.

Business

Kaloi Corporation has provided the following financial data:Balance SheetDecember 31, Year 2 and Year 1AssetsYear 2Year 1Current assets:      Cash$205,000 $190,000 Accounts receivable, net 192,000  200,000 Inventory 118,000  130,000 Prepaid expenses 41,000  40,000 Total current assets 556,000  560,000 Plant and equipment, net 813,000  770,000 Total assets$1,369,000 $1,330,000        Liabilities and Stockholders' Equity      Current liabilities:      Accounts payable$115,000 $100,000 Accrued liabilities 27,000  30,000 Notes payable, short term 55,000  60,000 Total current liabilities 197,000  190,000 Bonds payable 130,000  130,000 Total liabilities 327,000  320,000 Stockholders' equity:      Common stock, $2 par

value 100,000  100,000 Additional paid-in capital 60,000  60,000 Retained earnings 882,000  850,000 Total stockholders' equity 1,042,000  1,010,000 Total liabilities & stockholders' equity$1,369,000 $1,330,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,370,000 Cost of goods sold 830,000 Gross margin 540,000 Operating expenses 478,286 Net operating income 61,714 Interest expense 11,000 Net income before taxes 50,714 Income taxes (30%) 15,214 Net income$35,500 Dividends on common stock during Year 2 totaled $3,500. The market price of common stock at the end of Year 2 was $7.46 per share.Required:a. What is the company's working capital at the end of Year 2?b. What is the company's current ratio at the end of Year 2?c. What is the company's acid-test (quick) ratio at the end of Year 2?d. What is the company's accounts receivable turnover for Year 2?e. What is the company's average collection period for Year 2?f. What is the company's inventory turnover for Year 2?g. What is the company's average sale period for Year 2?h. What is the company's operating cycle for Year 2?i. What is the company's total asset turnover for Year 2?j. What is the company's times interest earned ratio for Year 2?k. What is the company's debt-to-equity ratio at the end of Year 2?l. What is the company's equity multiplier at the end of Year 2?m. What is the company's net profit margin percentage for Year 2?n. What is the company's gross margin percentage for Year 2?o. What is the company's return on total assets for Year 2?p. What is the company's return on equity for Year 2? What will be an ideal response?

Business