During Year 2, Lamar Corporation purchased $600,000 of merchandise inventory. The cost of sales for year 2 was $660,000 and the ending merchandise inventory at December 31, Year 2 was $60,000 . What was the inventory turnover for Year 2?
a. 8.0
b. 7.3
c. 6.6
d. 6.0
e. 6.7
B
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Which of the following is true of the economic environment?
A. It is not affected by the way the parts of the macro-marketing system interact. B. It has no relationship to the technological environment. C. It can change very rapidly. D. It never requires marketing managers to make immediate changes in strategy. E. It refers to micro-economic factors that do not affect business spending.
Attitudes are:
a. formed between ages 1 and 6. b. not important because they do not drive behavior. c. complex and develop over time. d. typically optimistic.
Classify the following activities according to the appropriate section of the statement of cash flows.
A. Cash dividends paid to stockholders. B. Cash received from stockholders in exchange for common stock. C. Cash received from a one-time sale of used office equipment. D. Cash paid for a delivery van to be used in the business. E. Cash received from customers. F. Cash paid for utilities.
What are the two major categories of computer software?
A) applications software and support software B) applications software and database management software C) word-processing software and spreadsheet software D) word-processing software and database management software