A company's quick assets are $173,000 and its current liabilities are $151,000. This company's acid-test ratio is 1.15.
Answer the following statement true (T) or false (F)
True
Acid-Test Ratio = Quick Assets/Current Liabilities
Acid-Test Ratio - $173,000/$151,000 = 1.15
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Many companies who deliver their own product to their stores through their own trucks are using ________ as a way to offset expenses by picking up loads to transport on their way back, rather than traveling with empty trailers.
A. backhauls B. boomerangs C. bullwhips D. deferred transportation E. dual directionals
The primary purpose of a project audit is to find reasons for problems and issues in the project and answer questions posed by the customer, sponsor, executives, or other stakeholders
Indicate whether the statement is true or false
Analysts at Tabby Fur Storage predict that the net present value of a proposed new $10 million warehouse is $1 million. How should these findings be interpreted?
A) Although NPV is positive, its value is too low for such a large expenditure and as a result, the project should be rejected. B) The project should be rejected because the NPV is less than the cost of the warehouse. C) The project should be accepted because it will add value to the firm. D) More information such as the payback period should be evaluated since the reliance on only one capital budgeting technique should be discouraged. E) The project does not meet the acceptance criteria of the NPV method and should be rejected.
Ritz-Carlton HotelsCesar Ritz, the founder of the original Ritz-Carlton, Boston, was known as the "king of hoteliers and the hotelier to kings." Today, there are more than 70 Ritz-Carlton hotels spanning 24 countries with 38,000 employees. These are not typical employees, though. They are described as "Ladies and Gentlemen serving Ladies and Gentlemen." Each employee participates in an intensive orientation program and recertification programs throughout their careers with the company, and many are allowed $2,000 to fix a guest's problem on the spot without managerial approval. So renowned is the Ritz way of doing business that the company offers a Leadership Center for executives and managers of other companies to learn and implement the Ritz way of customer service. It
doesn't stop with employees, though. Ritz-Carlton hotels recently launched "Give Back Getaways" in 2008 that allow guests to volunteer in locales where they are vacationing. The hotel also offers "Vow to Help Others" which is a program that donates a portion of a wedding couple's reception costs to those in need. The chief operating officer's words sum up Ritz-Carlton's philosophy best when he stated, "If we really do our job, we really don't need sales anymore. Satisfied guests are your advertising."Refer to Ritz-Carlton Hotels. The chief operating officer's statement regarding sales and advertising illustrates which marketing management philosophy embraced by this company? A. sales B. market C. production D. societal E. promotional