A manufacturer of business copier workstations has a 75 percent customer retention rate. Their accounting department estimates the incremental contribution to profit and overhead as 40 percent. Customers purchase the workstations every three years at an average cost of $1,500 . The average value of a loyal customer is _____
a. more than $200 and less than or equal to $300
b. more than $300 and less than or equal to $400
c. more than $400 and less than or equal to $500
d. more than $500
D
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The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?
a. the financial condition, earnings record, and dividend record of the corporation b. investor expectations of the corporation's earning power c. how high the par value is d. general business and economic conditions and prospects
Gaining employee support for a work measurement program is not especially critical to its success
Indicate whether the statement is true or false.
The _________________________ enables you to save pictures, logos, and other objects for future use
Fill in the blank(s) with correct word
An acid test (quick ratio) of 0.75 would indicate:
A) a ratio that would allow a company to pay off current liabilities with quick assets. B) that for every $1 of quick assets, there are $0.75 in liabilities. C) that for every $1 of liabilities, there are $0.75 in quick assets. D) a ratio that would allow a company to pay off current liabilities with current assets.