Which of the following statements is most consistent with efficient inventory management? The firm has a
A. low incidence of production schedule disruptions.
B. below average total assets turnover ratio.
C. relatively high current ratio.
D. relatively low DSO.
E. below average inventory turnover ratio.
Answer: A
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The statement of cash flows is an optional financial statement
a. True b. False Indicate whether the statement is true or false
Free cash flow is
a. all cash in the bank b. cash from operations c. cash from financing less cash used to purchase fixed assets to maintain productive capacity and cash usedfor dividends d. cash flow from operations less cash used to purchase fixed assets to maintain productive capacity
An itemized rating scale describes a measurement scale in which respondents rate the objects by placing a mark at the appropriate position on a line that runs from one extreme of the criterion variable to the other
Indicate whether the statement is true or false
Tony's gross pay for the month is $2700. Tony's deduction for federal income tax is based on a rate of 21%. Tom has no voluntary deductions. Tony's year-to-date pay is under the limit for OASDI. What is the amount of FICA tax withheld from Tony's pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest cent.)
A) $773.55 B) $206.55 C) $567.00 D) $387.45