Which of the following is one of the political behaviors described in the textbook?
A. self-promotion
B. reverse integration
C. mentoring
D. cutting costs
A. self-promotion
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An objective of the National Council on Alcoholism is to have alcoholism considered to be a disease
Indicate whether the statement is true or false.
The ratio obtained by dividing net income after taxes by net sales is the
A. return on sales ratio. B. acid-test ratio. C. return on equity ratio. D. earnings per share. E. working capital.
Auto insurance discounts might be given for all of the following, except
A) antilock brakes. B) alarms. C) leather seats. D) airbags.
A firm has the following balance sheet as of XX/XX/XX: Assets Liabilities and Equity Cash $100 Accounts payable $ 300 Accounts receivable 300 Long-term debt 800 Inventory 400 Equity 400 Plant 700 Retained earnings 0 $1,500 $1,500 ? Currently sales are $4,000 with a net profit margin of 15 percent. Management expects sales to increase to $5,000 and wants to determine if the
firm will need external financing to cover this expansion. Construct a forecasted balance sheet for sales of $5,000 using the percent of sales technique of forecasting assets and liabilities that spontaneously vary with sales. If the firm needs funds, these funds may be acquired through a bank. If the firm has excess funds, they should be invested in marketable securities. Assume that cash does not increase with the increase in sales. If this assumption were not made, would your answer be different? What will be an ideal response?