A company began the year with $150,000 in inventory and ended the year with $170,000 in inventory. Cost of goods sold for the year amounted to $960,000 . Assuming 360 days in a year, how long, on average, does it take the company to sell its inventory (to the nearest day)?
a. 3 days
b. 60 days
c. 6 days
d. 120 days
b
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Indicate whether the statement is true or false
Workplace designs are changing. New workspaces are characterized by all of the following except?
a. Elimination of perimeter offices b. Use of employee breakout areas c. Open workspaces d. Increased emphasis on corporate hierarchy in office design
Answer the following statement(s) true (T) or false (F)
1. Managers need to have a decisive feature in their personalities. 2. Some managers are good leaders, but not all good leaders are managers. 3. Objectives are specific aims that state what is to be accomplished and when it will be achieved. 4. Objectives and goals are the specific aims that state what is to be accomplished and when it will be achieved. 5. Objectives are more specific than goals.
The Delta of an option is defined as:
A) expected change in the option premium for a small change in time to expiration. B) expected change in the option premium for a small change in volatility. C) expected change in the option premium for a small change in the spot rate. D) expected change in the option premium for a small change in the domestic interest rate.