In the context of business product categories, the marketing of business services:
A. focuses on quality and relationships.
B. emphasizes productivity.
C. focuses on providing emergency products.
D. emphasizes standardization.
Answer: A
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________ variables may be used as predictors or independent variables by coding them as dummy variables
A) Interval B) Categorical C) Ratio D) All of the above
Zale, Inc has provided the following extracts from their budget for the first quarter of the forthcoming year
Jan Feb March Sales (20% cash) $500,000 $750,000 $1,000,000 The company collects 70% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February. A) $570,000 B) $540,000 C) $690,000 D) $750,000
Flexible expenses are best understood as those expenses over which you have little or no control
Indicate whether the statement is true or false
Use the following income statement and information about changes in noncash current assets and liabilities to (1) prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method and (2) compute the company's cash flow on total assets ratio for the year assuming that average total assets are $525,250.Davey CompanyIncome StatementFor Year Ended December 31Sales?$880,000Cost of goods sold? 487,000Gross profit?$393,000Operating expenses:?? Salaries expense$144,000? Rent expense76,000? Depreciation expense45,000? Amortization expense22,000? Utilities expenses 12,000 299,000Income from operations?$ 94,000Loss on sale of equipment? 14,000Income before taxes?$ 80,000Income tax
expense? 28,500Net Income?$ 51,500???Changes in current asset and current liability accounts for the year that relate to operations follow.Increase in accounts receivable$ 32,000Increase in accounts payable (all accounts? payable transactions are for inventory)13,500Decrease in prepaid expenses9,200Decrease in merchandise inventory14,000Decrease in long-term notes payable20,000 What will be an ideal response?