The Seattle Seahawks and Chicago Cubs are examples of:
A) copyrighted teams.
B) trademarked teams.
C) franchised teams.
D) patented teams.
C) franchised teams.
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Which of the following is excluded when calculating quick ratio?
A) accounts receivable B) accounts payable C) cash D) inventory
If a firm's Return on Invested Capital (ROIC) is consistently greater than the firm's cost of capital, then:
A) the firm should consider borrowing more money in an effort to increase the cost of capital. B) this should help drive up the stock price. C) the firm's net working capital is too low. D) All of the above.
The only purpose of cost information is to determine the individual product cost on a per unit basis in order to value inventory.
Answer the following statement true (T) or false (F)
Wang Co. manufactures and sells a single product that sells for $450 per unit; variable costs are $270 per unit. Annual fixed costs are $800,000. Current sales volume is $4,200,000. Management targets an annual pre-tax income of $1,125,000. Compute the dollar sales to earn the target pre-tax net income.
A. $2,991,004. B. $5,640,000. C. $3,378,378. D. $2,612,613. E. $4,812,500.