A company's emphasis on customer satisfaction develops as a consequence of a
A. product orientation.
B. sales orientation.
C. competitor orientation.
D. customer orientation.
E. service orientation.
Answer: D
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Based on the hierarchy of effects model, affective-oriented advertisements are superior in developing liking, preference, and conviction for a product
Indicate whether the statement is true or false
Two common subgroups for liabilities on a classified balance sheet are:
A. Current liabilities and long-term liabilities. B. Intangible liabilities and long-term liabilities. C. General liabilities and specific liabilities. D. Current liabilities and intangible liabilities. E. Present liabilities and operating liabilities.
Using an alternative workweek system has been found to increase employee absenteeism and tardiness
Indicate whether the statement is true or false.
The balance sheet and income statement for Johnson and Breakwater is presented below
Balance Sheet (000) Cash $500 Accounts receivable 1,500 Inventories 500 Current assets 2,500 Net fixed assets 5,000 Total Assets 7,500 Accounts payable 1,200 Bank note 300 Total current liabilities 1,500 long-term debt 4,000 Common stock 300 Retained earnings 1,700 Total liabilities and owners' equity $7,500 Income Statement (000) Net sales $8,500 Cost of goods sold (3,400) Gross profit 5,100 Operating expenses (2,900) Net operating income 2,200 Interest expense (580) Earnings before taxes 1,620 Income tax (34%) (551) Net income $1,069 a. Compute the following ratios: Current ratio, Acid test ratio, Debt ratio, Total asset turnover, Operating profit margin, Return on total investments, Times interest earned, Inventory turnover. b. All other things equal, compute the dollar amount of sales needed to achieve an 18% return on total assets for the coming year. c. Given Johnson's inventory turnover ratio, find a way of computing the current level of inventory given this ratio and assuming the current level of inventories is unknown. Set up but do not solve.