Jester Corporation's most recent income statement appears below:Income StatementSales (all on account)$610,000 Cost of goods sold 340,000 Gross margin 270,000 Selling and administrative expense 160,000 Net operating income 110,000 Interest expense 20,000 Net income before taxes 90,000 Income taxes (30%) 27,000 Net income$63,000 The beginning balance of total assets was $360,000 and the ending balance was $320,000. The return on total assets is closest to:
A. 26.5%
B. 32.4%
C. 18.5%
D. 22.6%
Answer: D
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Answer the following statements true (T) or false (F)
1. The 1970s saw an increase in confrontations between management and labor due to worker dissatisfaction with repetitive and narrowly defined jobs as well as work line speedups and confrontational discipline. 2. Quality of working life programs introduced in the 1970s were largely designed to address problems with worker fatigue, boredom, and alienation that were associated with mass production. 3. Quality of working life programs were largely unsuccessful because they could not change the underlying structure of work organized around scientific management principles. 4. Total quality management programs are an example of reengineering attempts to improve the efficiency of the workplace. 5. Job control unionism and business flexibility go hand-in-hand.
If the Federal Reserve tightens the money supply, other things held constant, short-term interest rates will be pushed upward, and this increase will generally be greater than the increase in rates in the long-term market.
Answer the following statement true (T) or false (F)
An invoice of $2,400 is dated June 2, terms 2/10, n/30. If the invoice is paid on June 9, the amount to be paid is:
A) $48. B) $240. C) $2,352. D) $2,400.
The goal of total productive maintenance (TPM) is to minimize the costs associated with routine maintenance activities
Indicate whether the statement is true or false