Because net income is on an after-tax basis, interest in the return on assets ratio must be placed on a before-tax basis
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Charlie was standing outside of his classroom talking on the phone when a friend heard him say, "Thank you for taking my call so quickly. I'd like to order the 32-gigabyte iPad. I'll pick it up today at the Southdale Apple Store. Can I use the easy pay plan?" Charlie was in which stage of the consumer purchase decision process?
A. postpurchase evaluation B. purchase decision C. information search D. alternative evaluation E. problem recognition
A basic assumption of short-interval scheduling is that short-range goals are more likely to be attained than are long-range goals
Indicate whether the statement is true or false.
According to the meta-analysis on the Big Five personality traits, how does Extraversion-Introversion relate to leadership emergence and effectiveness? Compare these results to the results for the studies on the Myers-Briggs Type Indicator® (MBTI) for Introverts and Extraverts. Do you think occupational differences might influence whether Introverts or Extroverts make better leaders? If so, what occupations might be appropriate for each type?
What will be an ideal response?
Leavitt was interested in buying a new motor home. Among Leavitt's concerns when buying the new motor home was his intended use which was to travel extensively in mountainous areas. A somewhat informed consumer, he had rented a motor home that lacked sufficient engine and braking power to traverse the areas he intended to travel. If the engine and brakes are insufficient, the motor home cannot
maintain ordinary highway speeds going up steep hills and brakes are prone to overheating while going down the mountains. He visited several dealerships but bought one at the Monaco Coach Corporation. Almost immediately upon receiving the vehicle, Leavitt complained that his coach could not maintain ordinary highway speeds going up steep hills and that the brakes were prone to overheating while going downhill. Leavitt presented evidence that while shopping for his coach, he informed Monaco of his plans to use the coach extensively for travel in mountainous areas and of his wish to avoid problems he had experienced with rented vehicles that lacked sufficient engine and braking power. Monaco performed many warranty repairs and other service, but Leavitt ultimately concluded that the engine and brakes, as a matter of design, simply were not suitable for his needs, and he sued.In order to establish an implied warranty of fitness for particular purpose Leavitt must prove. a. He told the Monaco Coach Corporation about his intended use. b. Monaco Coach Corporation is a merchant. c. The Motor Coach he purchased cannot maintain 50 miles an hour at elevations of 10,000 feet above sea level. d. The Motor Coach purchased was new not used.