Danbury Corporation was involved in a lawsuit with the EPA alleging inadequate air pollution control facilities at its Lafayette plant site during 2011 . At December 31 . 2014, it appeared probable that the EPA would settle for approximately $150,000 . This event should be recognized in 2014 as a(n)
a. extraordinary loss.
b. disclosure of a contingency loss only in a note.
c. should not be disclosed or recognized..
d. loss on the lawsuit (operating expense).
D
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Some analysts calculate the inventory turnover ratio by dividing sales, rather than cost of goods sold, by the average inventory. Using sales in the numerator will lead to correct measures of the inventory turnover ratio for calculating the average number of days that inventory is on hand until sale
Indicate whether the statement is true or false
The Container Store is able to pay its associates how much more than their competitors?
a. 10-30 percent b. 30-50 percent c. 50-100 percent d. 100-200 percent
Business analysis provides a tentative sketch of a product's profitability.
Answer the following statement true (T) or false (F)
Media buyers primarily evaluate magazines on the basis of
A. the size and space of the bleed pages. B. their ability to deliver the advertiser's message to as many people as possible in the target audience. C. the pass-along readership offered. D. their ability to provide or create a psychographic segregation. E. the ability to offer specialized services such as selective binding, ink-jet imaging, and split runs.