Rock Music Company signed a 200-day, 5%, $5,000 note on April 1, 2018, and this was the only note payable for the company. Calculate the times-interest-earned ratio of Rock Music Company if its earnings before interest and taxes for the year ending December 31, 2018, is $4,300. Round all calculations to two decimal places. (Use a 360-day year.)
What will be an ideal response?
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Which of the following correctly demonstrates the comparison of the four-variance method of factory overhead analysis to the two-variance method of factory overhead analysis?
a. The sum of the fixed and variable spending variances in the four-variance method is equal to the flexible-budget variance in the two-variance method. b. The sum of the fixed and variable spending and variable efficiency variances in the four-variance method is equal to the flexible-budget variance in the two-variance method. c. The sum of the fixed and variable spending, variable efficiency and production-volume variances in the four-variance method is equal to the flexible-budget variance in the two-variance method. d. The fixed spending variance in the four-variance method is equal to the flexible-budget variance in the two-variance method.
When determining how frequently to call a customer, a salesperson should primarily base the decision on the relationship between sales volume and sales calls, which is known as the:
A. prospecting component. B. response function. C. account penetration. D. opportunity cost. E. sales investment factor.
The significance of the Railway Labor Act is that it:
A. Was declared unconstitutional and was seen as a major blow to the labor movement. B. Set the stage for national legislation that protected workers rights to unionize and bargain collectively. C. Was the first major piece of labor legislation to require collective bargaining in all industries. D. Required union representation on the governing boards of railway companies.
Marketing managers are better able to predict consumer responses to marketing strategies and to develop a satisfying marketing mix if they are aware of the factors that
A. are controllable marketing forces. B. are uncontrollable marketing forces. C. affect buying behavior. D. are used to segment the market. E. are involved in the handling of consumer complaints.