The percentage representing what a company earned from its assets is called __________.
Fill in the blank(s) with the appropriate word(s).
return on assets (ROA)
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A team composed of people from different departments who are pursuing a common objective is called a _____. For example, ToysRUs may bring together employees from manufacturing, design, sales, marketing, and market research to brainstorm new board games for adults.
A. quality circle B. problem-solving team C. virtual team D. cross-functional team E. workforce
Nathan knows that many of his fellow sales people try to sell clients products the clients do not need or want. Nathan believes this is wrong. He prides himself on learning what each client needs and wants so that he can sell them the products that are the best for them. It appears Nathan is at the _________ of moral development.
A. preconventional level B. conventional level C. postconventional level D. neoconventional level
Valley Spa purchased $7,800 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, what is the amount due on the note? (Use 360 days a year.)
A. $130 B. $8,050 C. $7,930 D. $7,800 E. $8,130
Mortal Inc. expects to have a capital budget of $450,000 next year. The company wants to maintain a target capital structure with 35% debt and 65% equity, and its forecasted net income is $400,000. If the company follows the residual dividend model, how much in dividends, if any, will it pay?
A. $101,050 B. $87,075 C. $84,925 D. $107,500 E. $105,350