The U.S. Census Bureau publishes the ________, which is conducted every five years and contains detailed information on the number and sales of U.S. establishments that produce goods or resources.
A. Annual Wholesale Trade Survey
B. Annual Survey of Manufacturers
C. Economic Census
D. North American Industry Classification System
E. Survey of Business Owners
Answer: C
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According to Hamel and Prahalad, which of the following approaches is being utilized by a company that refuses to follow the practices and regulations set by industry leaders and finds new ways to gain competitive advantage?
A) searching for loose bricks B) changing the rules of engagement C) collaborating D) building layers of advantage
A large and nationally representative sample of households who have agreed to periodically participate in mail questionnaires, product tests, and telephone surveys are called ________
A) focus groups B) electronic panels C) exploratory groups D) mail panels E) household constituencies
On January 1, 2019, Triangle Company has the following account balances:
During the year, Triangle has $165,000 of credit sales, collections of credit sales of $143,000, and write-offs of $3000. It records bad debts expense at the end of the year using the aging-of-receivables method. At the end of the year, the aging analysis shows that $2100 is the estimate of uncollectible accounts. Before the year-end entry to adjust the bad debts expense is made, the balance in the Allowance for Bad Debts is ________.
A) a debit of $1700
B) a credit of $4300
C) a zero balance
D) a debit of $3000
Cielo Corporation had net income of $740,000 in 20x4 and $830,000 in 20x5. Total stockholders' equity at the end of 20x4 was $1,250,000 and total stockholders' equity at the end of 20x5 was $1,500,000. Cielo's total assets at the end of 20x4 were $2,210,000 and its total assets at the end of 20x5 were $2,860,000. Based on this information, what is Cielo's return on equity for 20x5?
A) 32.74% B) 55.33% C) 57.09% D) 60.36%