Recent advances in technology have enabled service firms to provide ______.
A. useless information to their customers
B. critical information to their customers
C. costly information to their customers
D. technical information to their customers
B. critical information to their customers
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Amethyst Company paid off a $100,000 two-year note payable. The effect of this transaction is that the:
A) current ratio decreased. B) earnings per share increased. C) working capital increased. D) debt to equity ratio increased.
Data envelopment analysis indicates the relative ________ of a service unit compared with others
Fill in the blank with correct word.
The following data relate to the Torrence Company for May and August of the current year: May AugustMaintenance hours 25,000 29,000 Maintenance cost$1,175,000 $1,247,000 May and August were the lowest and highest activity levels, and Torrence uses the high-low method to analyze cost behavior. Which of the following statements is true?
A. The fixed maintenance cost is $725,000 per month. B. The variable maintenance cost is $47 per hour. C. The variable maintenance cost is $43 per hour. D. The variable maintenance cost is $45 per hour. E. More than one of the other answers is true.
Which of the following entities would most likely have raw materials, work in process, and finished goods?
A. A regional airline. B. A national department store. C. A fast food restaurant. D. A petroleum refiner. E. A state university.