The degrees of freedom for a contingency table with 12 rows and 12 columns is
a. 144
b. 121
c. 12
d. 120
B
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A major disadvantage to the use of census data in trading-area analysis is its _____
a. cost b. being limited to city and state data c. lack of comprehensiveness d. dated nature
Hatch and Schultz (2001) argue that expressive organizations align three major organizational features: vision (strategy), culture (employees), and image (brand) by analyzing the three possible gaps between them. One gap is the image-vision gap which refers to _______________.
a. There is conflict between the organizations vision and how the organization is being perceived in its own environment b. Management develop a vision not shared by employees, and which alienates or separates employees from the strategy of the organization c. Employees behave in ways that are inconsistent with the organizations espoused image d. The community has difficulty in telling the difference between the organization’s vision with that of its image
Which of the following is true of the liability of an incoming partner?
A) An incoming partner is liable for the previous debts of the partnership. B) An incoming partner is equally liable for all existing debts of the partnership. C) An incoming partner is liable for the debts of the partnership only to the extent of his or her capital contribution. D) An incoming partner is not liable for the future debts of the partnership.
Dahn Corporation has provided the following financial data:Balance SheetDecember 31, Year 2 and Year 1AssetsYear 2Year 1Current assets: Cash$227,000 $150,000 Accounts receivable, net 134,000 130,000 Inventory 150,000 130,000 Prepaid expenses 83,000 80,000 Total current assets 594,000 490,000 Plant & equipment, net 769,000 840,000 Total assets$1,363,000 $1,330,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$200,000 $180,000 Accrued liabilities 63,000 70,000 Notes payable, short term 71,000 60,000 Total current liabilities 334,000 310,000 Bonds payable 290,000 290,000 Total liabilities 624,000 600,000 Stockholders' equity: Common stock, $5 par
value 400,000 400,000 Additional paid-in capital 50,000 50,000 Retained earnings 289,000 280,000 Total stockholders' equity 739,000 730,000 Total liabilities & stockholders' equity$1,363,000 $1,330,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,370,000 Cost of goods sold 850,000 Gross margin 520,000 Operating expenses 482,692 Net operating income 37,308 Interest expense 21,000 Net income before taxes 16,308 Income taxes (35%) 5,708 Net income$10,600 Dividends on common stock during Year 2 totaled $1,600. The market price of common stock at the end of Year 2 was $2.37 per share. The company's average collection period for Year 2 is closest to: A. 1.1 days B. 1.0 days C. 35.2 days D. 35.7 days