Anjali's stockbroker called to inform her of a margin call that requires that she pay $1,000. This indicates that the value of Anjali's stock has
A. changed causing the Federal Reserve to increase the margin rate.
B. just split.
C. decreased.
D. increased.
Answer: C
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The first step in the strategic retail planning process is to define the business mission.
Answer the following statement true (T) or false (F)
The general description for the processes and skills used in the management of a firm's interactions with people, organizations, and institutions outside of its boundary is called ________.
A. organizational structure B. external relations C. horizontal integration D. social audit
Carver Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow:•Sales are budgeted at $350,000 for November, $320,000 for December, and $300,000 for January. •Collections are expected to be 90% in the month of sale and 10% in the month following the sale. •The cost of goods sold is 75% of sales. •The company desires to have an ending merchandise inventory equal to 60% of the following month's cost of goods sold. Payment for merchandise is made in the month following the purchase. •Other monthly expenses to be paid in cash are $24,700. •Monthly depreciation is $16,000. •Ignore taxes. Balance SheetOctober 31AssetsCash$19,000Accounts
receivable 77,000Inventory 157,500Property, plant and equipment, net of $502,000 accumulated depreciation 1,002,000Total assets$1,255,500Liabilities and Stockholders' EquityAccounts payable$272,000Common stock 780,000Retained earnings 203,500Total liabilities and stockholders' equity$1,255,500The net income for December would be: A. $39,300 B. $42,300 C. $55,300 D. $32,900
Describe one technology trend discussed in the text and identify the potential business impacts related to the trend.
What will be an ideal response?