The following income statement and balance sheets for The Sports Shack are provided.The Sports ShackIncome StatementFor the year ended December 31, 2021Sales revenue$6,600,000Cost of goods sold4,700,000Gross profit1,900,000 Expenses:? Operating expenses1,400,000 Depreciation expense100,000 Interest expense50,000 Income tax expense80,000 Total expenses1,630,000Net income $270,000The Sports ShackBalance SheetsDecember 31Assets20212020Current assets:?? Cash$218,000 $196,000 Accounts receivable680,000 880,000 Inventory1,250,000 1,100,000 Supplies90,000 65,000 Long-term assets:?? Equipment1,200,000 900,000 Less: Accumulated depreciation (350,000) (250,000) Total
assets$3,088,000 $2,891,000 Liabilities and Stockholders' EquityCurrent liabilities:?? Accounts payable$65,000 $55,000 Interest payable4,000 6,000 Income tax payable40,000 30,000 Long-term liabilities:?? Notes payable400,000 300,000 Stockholders' equity:?? Common stock900,000 900,000 Retained earnings 1,679,000 1,600,000 Total liabilities and equity$3,088,000 $2,891,000 Required:Assuming that all sales were on account, calculate the following risk ratios for 2021 (round to one decimal place).1. Receivables turnover ratio2. Average collection period3. Inventory turnover ratio4. Average days in inventory5. Current ratio6. Acid-test ratio7. Debt to equity ratio8. Times interest earned ratio
What will be an ideal response?
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What are the three ways that characterize most relationships between parties?
What will be an ideal response?
Adapting a Message to Different Audiences You've borrowed your boss's car to visit an important client for a working lunch. You're running late for the meeting so take some backroads. You are going a little over the speed limit, and there's a light rain
falling. As you go to stop at an intersections, you realize for the first time that the brakes aren't functioning as they should. You slide about 8 feet into the intersection. Before you can do anything, you're hit on the passenger's side. It looks like you may miss lunch altogether. In small groups, consider the previous details and consider how you would relay the information to one of the following audiences assigned to you. Although you may emphasize or de-emphasize certain information or change the order of things, you should not substantially change the basic the basic facts. Also, indicate the channel or medium you may want to select, depending on the audience. • Your boss • A co-worker who has been in three accidents during the past year • A co-worker who thinks you are a trouble maker • A police officer who asks you to recount the events • An insurance agent who will be adjusting your rates • A lawyer representing you in court and needs to know all the facts • A significant other who is behind you and supports you no matter what In a role play situation, retell the story to your assigned audience.
Article 8 of the CISG establishes rules for interpreting the statements and conduct of the parties
Indicate whether the statement is true or false
The ______ is a visual representation of relationship rating in which symbols or letters represent the relationships between departments.
a. cost optimization method b. relationship rating method c. line balancing method d. Muther’s grid