The following data pertain to Turk Company's operations last year: Sales$900,000Net operating income$36,000Contribution margin$150,000Average operating assets$180,000Stockholders' equity$100,000Plant, property, & equipment$120,000Turk's return on investment for the year was:
A. 20%
B. 36%
C. 15%
D. 4%
Answer: A
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Clarion Inc issues numerous discount coupons throughout the year. A balance in the Estimated Liability for Coupon Redemption
a. indicates an error had been made in posting. b. should equal the same amount of coupons redeemed. c. is the amount of outstanding coupons it expects to be redeemed. d. indicates that more coupons were redeemed than estimated.
To arrive at the augmented product, a marketer must:
A) increase the frequency of advertising, to achieve high product recall in the minds of customers. B) reduce prices to extents that cannot be matched by competitors. C) go beyond expectations by offering levels of customer service that competitors cannot match. D) meet the customer service expectations of customers.
The two different types of methods for reporting the cash flows from operating activities section are the ________ method and the ________ method
a. direct; net cash flow b. operation flow; direct c. indirect; net cash flow d. direct; indirect
If the principal debtor defaults, the surety has rights against the principal debtor, third parties, and cosureties. These rights would include:
a. exoneration. b. reimbursement. c. subrogation. d. contribution. e. All of these.