What is likely to be the most credible exchange rate system?
What will be an ideal response?
Among fixed exchange rate systems, a monetary union with a common currency is likely the most credible exchange rate system. But even here, we see tensions within the Economic and Monetary Union in Europe that could lead to a breakup of the euro. The inability of Greece and the other peripheral countries to devalue their currencies is leading to a protracted period of high unemployment with associated fiscal deficits and an inability to regenerate growth. Ultimately, one of the problem countries might withdraw from the EMU or the strong countries, like Germany and Finland, might withdraw rather than subsidize their inefficient neighbors.
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Faller and Whitney Company, a firm that builds enterprise resource planning products for customers, wants to implement training programs for its employees as an HR initiative. Senior management proposes the use of an instructional design process. What should ideally be Faller and Whitney's next step?
A. person analysis B. task analysis C. competitor analysis D. organization analysis E. market analysis
Katz describes human skills as ______.
A. competency with the process or product within a company B. being aware of the perspective of others on issues C. ability to shape the strategic ideas of an organization D. the trait of high extraversion
Betty's BBQ orally contracts with Denny's Design House for 10,000 matchbooks at the price of 10 cents per matchbook. The matchbooks are to be embossed with a logo to be designed by Denny's Design promoting Betty's BBQ. Price, payment terms, delivery terms are agreed upon between the parties. Denny's Design creates the logo, gets Betty's BBQ's approval of the design and begins applying the logo on
the matchbook covers. Denny's Design has almost finished the order when Betty's BBQ calls to say it has decided to make the eatery a smoke-free restaurant and cancels the order. Denny's Design sues, but Betty's BBQ states that the agreement is unenforceable under the statute of frauds. Who wins? a. Denny's Design House wins. This situation falls under an exception to the statute of frauds. b. Denny's Design House wins. This is a service contract for design of a logo. Therefore, the UCC, including the statute of frauds provisions of Article 2, does not apply. c. Betty's BBQ wins. This is a contract for $1000 . The statute of frauds requires all sales contracts in excess of $500 be in writing. d. Betty's BBQ wins. The statute of frauds only applies to merchants. Betty's BBQ is not a merchant in this instance because it intended to give the matchbooks away and not sell them.
A company reported the following year-end information:Cash$52,000Short-term investments 12,000Accounts receivable 54,000Inventory 325,000Prepaid expenses 17,500Accounts payable 106,500Other current payables 25,000Required:1. Explain the purpose of the acid-test ratio.2. Calculate the acid-test ratio for this company.3. What does the acid-test ratio reveal about this company?
What will be an ideal response?