Which of the following is the correct formula for the asset turnover ratio?
A) Net sales / Average total assets
B) Net sales / Cost of goods sold
C) Net sales / Net assets
D) Net profit / Net sales
A) Net sales / Average total assets
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The 80-20 rule reflects the idea that ________
A) 20% of the company's profits are generated by the top 80% of customers B) the top 20% of customers are highly satisfied and 80% of customers will recommend the company to a friend C) 20% of customers are unprofitable, and 80% make up a company's profits D) the top 20% of customers often generate 80% of the company's profits E) any new product will be accepted by 20% of the customers immediately, but 80% of the customers will be up for grabs throughout the product's life cycle
Fastlane Company has 50,000 shares of common stock and 20,000 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. Preferred stockholders received dividends this year totaling $120,000. Common stockholders received dividends totaling $200,000. If the dividend payout ratio for the year was 80%, then the net income was:
A) $400,000 B) $370,000 C) $160,000 D) $250,000
Personal interview surveys are attractive as a marketing research method because these are inexpensive to conduct.
Answer the following statement true (T) or false (F)
Flo tells Ginger during a phone call that she will buy her textbook from last semester for $65. Ginger agrees. These parties have A) no contract
B) an express contract. C) an implied contract. D) a quasi contract.