Debtors are interested in the times-interest-earned ratio because they want to
A) know what rate of interest the corporation is paying
B) have adequate protection against a potential drop in earnings jeopardizing their interest payments
C) be sure their debt is backed by collateral
D) know the tax effect of lending to a corporation
B
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Which of the following is true regarding price elasticity?
A) The higher the elasticity, the lesser is the volume growth resulting from a 1 percent price reduction. B) Within the price indifference band, price changes have little or no effect on demand. C) If demand is elastic, sellers will consider increasing the price. D) Price elasticity does not depend on magnitude and direction of the contemplated price change. E) When demand is inelastic, sellers should lower prices in order to increase total revenue.
________, one of the earliest African American counselors, wrote two books on African American consumerism and advised companies on multicultural relations.
A) Knowlton Hill B) D. Parke Gibson C) Carl Byoir D) George Creel
What are the three tests of a winning strategy?
What will be an ideal response?
Big Mike has to prepare a bid for the swimming pools to be placed in every backyard in a new housing addition
Each swimming pool represents only a slight variation on the other, so there is a good opportunity to leverage learning effects in the bid process. A swimming pool installation can be broken down into four major steps: excavation, concrete, plumbing, and finish work. Mike has found the best contractors and asks each of them how long it will take to complete work on the first pool and what their learning rates are. Amazingly, each contractor is intimately familiar with learning curve theory and knows what his learning rate is for this type of work. This information is summarized in the table. Function First Pool Learning Rate Excavation 22 hours .95 Concrete 32 hours .90 Plumbing 10 hours .85 Finishing 30 hours .85 How long will it take to complete the 25th pool for the subdivision? How long will it take to complete all 25 pools for the subdivision?