Not all positions on a strategic group map are equally attractive because
A. entry and exit barriers are different for each strategic group.
B. key success factors are substantially different for differently positioned industry participants.
C. industry-driving forces and competitive pressures favor some groups and disadvantage others.
D. across-group rivalry is always weakest at the outer edge of the strategic group map.
E. small strategic groups are always less profitable than large strategic groups.
Answer: C
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Which one of the following is an example of cash flows from operating activities?
A. Receipts of cash from sales. B. Payments to acquire equity securities of other companies. C. Proceeds from collecting the principal amounts of loans. D. Proceeds from the issuance of bonds and notes payable. E. Repayment of principals on loans.
A company issued 8%, 15-year bonds with a par value of $470,000 that pay interest semiannually. The market rate on the date of issuance was 8%. The journal entry to record each semiannual interest payment is:
A. Debit Bond Interest Payable $31,333; credit Cash $31,333. B. Debit Bond Interest Expense $420,000; credit Cash $420,000. C. Debit Bond Interest Expense $18,800; credit Cash $18,800. D. Debit Bond Interest Expense $37,600; credit Cash $37,600. E. No entry is needed, since no interest is paid until the bond is due.
Landis Company is preparing its financial statements. Gross margin is normally 40% of sales. Information taken from the company's records revealed sales of $25,000; beginning inventory of $2,500 and purchases of $17,500. What is the estimated amount of ending inventory at the end of the period?
A. $8,000 B. $15,000 C. $5,000 D. $10,000
When a country imports more than it exports, it has a(n)
A. trade surplus. B. favorable balance of trade. C. favorable exchange role. D. unfavorable balance of trade. E. favorable balance of payments.