Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $25 million
If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, what is the inventory turnover?
A) 12.50
B) 10.00
C) 42.00
D) 4.16
E) 20.00
A
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Google purchased ________, an advertising exchange where websites put space up for auction and ad agencies bid to place ads for their clients.
A. ClickBot B. eBay C. YouTube D. DoubleClick E. AuctionHit
A retailer must allocate total floor space among selling, merchandise, personnel, and customer areas
Indicate whether the statement is true or false
The Maine Oyster Company completed the flexible budget analysis for the second quarter, which is given below
Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units 12,820 0 12,820 820 F 12,000 Sales Revenue $62,740 $1,300 U $64,040 $3,950 F $60,090 Variable Costs 27,540 620 U 26,920 $1,620 U 25,300 Contribution Margin $35,200 $1,920 U $37,120 $2,330 F $34,790 Fixed Costs 34,240 230 U 34,010 $0 34,010 Operating Income/(Loss) $960 $2,150 U $3,110 $2,330 F $780 Which of the following statements would be a correct analysis of the flexible budget variance for sales revenue? A) decrease in sales price per unit B) increase in variable cost per unit C) increase in sales volume D) increase in fixed costs
Intellectual skill as a learning outcome primarily includes the capability to ________.
A. state or describe previously stored information B. execute a physical action with precision and timing C. choose a personal course of action D. apply generalizable concepts and rules to solve complex problems