For 2018, Bargain Basement Stores reported $11,500 of sales and $5,000 of operating costs (including depreciation). The company has $20,500 of total invested capital, the weighted average cost of that capital (the WACC) was 8%, and the federal-plus-state income tax rate was 40%. What was the firm's Economic Value Added (EVA), i.e., how much value did management add to stockholders' wealth during 2017?
A. $2,599
B. $1,921
C. $2,712
D. $2,373
E. $2,260
Answer: E
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The HR department at Tremont Communications oversees the recruitment and training of employees at the firm. As the firm grows and recruits more employees, overseeing individual training programs has become too much for the HR staff to handle. Which application should the HR department use to help with employee training?
A. an executive decision-making system B. a management information system C. a decision support system D. a customer relationship management system E. a learning management system
Managing upstream and downstream value-added flows of materials, final goods, and related information among suppliers, the company, resellers, and final consumers is known as ________
A) marketing logistics B) distribution system management C) supply chain management D) full-line forcing E) physical distribution
The average price Xerox charged when it introduced the first stand-alone fax machine was $12,700. This premium price was a way for Xerox to recoup some of the research and development costs that went into production. Xerox used ________
A) a skimming price B) a trial price C) penetration pricing D) prestige pricing E) target costing
Both traditional and backflush costing have an account for __________ Inventory
A) Materials B) Raw in Process C) Finished Goods D) Conversion Costs