Selected current year company information follows:
The total asset turnover is:
A) 2.24 times
B) 2.81 times
C) 3.64 times
D) 4.67 times
E) 6.28 times
B) 2.81 times
Total asset turnover = $712,855/[($282,867 + $225,052)/2] = 2.81
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On the basis of underlying psychology, when people are in settings where there are very clear expectations for the “right” way to behave, it is very difficult not to comply. For those who do not behave as expected, in most cases, they will ______.
a. be counseled and given help to comply b. be psychologically and/or physically excluded from the organization c. not be given a raise at the time of their annual review d. be promised a bonus if they comply in the future
If you have the exchange rates for converting U.S. dollars to yen and U.S. dollars to the euro, you could convert from yen to euros by using a:
A) Spot rate B) Indirect rate C) Counter rate D) Cross rate
Which of the following is an example of an opportunity cost?
A) Depositing money into a savings account so you will be able to pay cash for holiday gifts B) Buying a car which depletes your savings C) Giving up going to a movie in order to study for your finance exam D) Purchasing a new computer
If someone had invested $1 in 1930 they would have the most amount of money today if they had chosen:
A) to invest in certificates of Deposit. B) to invest in bonds. C) to invest in stocks. D) to simply keep the cash hidden in a safety deposit box. E) to simply follow inflation.