Which of the following is a direct cost?
A) Labor
B) Rent
C) Depreciation on equipment
D) Health benefits
A
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Which of the following is the LEAST likely reason for a sales call to be planned?
A. Building confidence B. Eliminating customer objections C. Exhibiting professionalism D. Developing goodwill E. Increasing the potential of a sale
Which of the following is correct regarding the changing role of managerial accounting?
A. The managerial accountant is crunching more numbers than ever before in leading-edge companies. B. Managerial accountants rarely have the title of analyst or take on leadership roles. C. Managerial accountants are typically isolated in separate departments. D. Forward-looking goals have transformed managerial accountants into business advisors. E. The managerial accountant has been transformed into a financial historian in progressive companies.
Hardwig Inc. Hardwig Inc. is considering whether to pursue a restricted or relaxed current asset investment policy. The firm's annual sales are expected to total $3,600,000, its fixed assets turnover ratio equals 4.0, and its debt and common equity are each 50% of total assets. EBIT is $150,000, the interest rate on the firm's debt is 10%, and thetax rate is 25%. If thecompanyfollows a restricted policy, its total assets turnover will be 2.5. Under a relaxed policy its total assets turnover will be 2.2. Refer to the data for Hardwig, Inc. What's the difference in the projected ROEs under the restricted and relaxed policies?
A. 1.50% B. 1.88% C. 2.25% D. 2.70% E. 3.24%
Path-goal theory argues that
A. leadership is relatively unimportant in high-performance organizations. B. participative leadership is the most effective style of leadership. C. supportive leadership is best suited to maximize organizational performance. D. great leaders have certain common personal characteristics and goals. E. effective leaders select the most appropriate behavior based on the situation.