The practice of reciprocity:
A) involves an illegal exchange of cash
B) is monitored closely by the FCPA
C) results in improved competition among sales and marketing firms
D) is illegal when one company pressures another company to join an agreement
E) is another name for slander
D
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The characterization of income as ordinary or capital gain has no relevance for financial reporting purposes.
Answer the following statement true (T) or false (F)
Corporate-level managers use ______ to summarize sales by region, current inventory levels, and other company-wide metrics all in a single screen.
A. simulations B. crosstabulation C. data dashboards D. tables
How did Truett Cathy, founder of Chick-fil-A, motivate his restaurant managers (called Operators)?
a. He split the profits with them b. He fired poor performing and sometimes even slightly below average performing managers c. Although the managers had low salaries, they could eat all the chicken sandwiches and waffle fries they wanted d. Poor performing managers would have to wear cow costumes
A company reported net income for Year 1 of $98,000 and $106,000 for Year 2. It also reported net sales of $835,000 in Year 1 and $918,000 in Year 2. The company's average total assets in Year 1 were $1,850,000 and $1,720,000 in Year 2. Calculate the company's profit margin, total asset turnover and return on total assets for Year 1 and Year 2. Comment on the results.
What will be an ideal response?