The ratio that averages about 2.0 for all industries is the
A. inventory turnover.
B. acid-test ratio.
C. current ratio.
D. debt-to-assets ratio.
E. debt-to-equity ratio.
Answer: C
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Leigh is trying to buy a used car. She knows she will need a certain amount of money to fix the car up the way she wants it afterward, and for that reason she wants a reduction in the price. However, Brent, the car salesperson, wants the maximum price he can get for the car and tells her to take it or leave it. This is known as ______.
A. accommodating bargaining B. assimilative bargaining C. distributive bargaining D. competitive bargaining
Mason Corporation had $650,000 in invested assets, sales of $700,000, income from operations amounting to $99,000, and a desired minimum rate of return of 15%. The residual income for Mason is:
A) $0 B) $84,150 C) ($6,000) D) $1,500
Examine the following list of "risks." Determine which of these are "pure risks."
I. The risk that your antique Corvette will depreciate in market value II. The risk that you will have a collision in your Corvette, thus causing you to spend thousands of dollars in repair costs III. The risk that someone will steal your Corvette IV. The risk that you will buy a house and lightning will strike your roof, thus causing you to have to purchase a new roof V. The risk that you will invest your life savings in a business venture that fails, thus causing you to lose your entire investment A) I, II, III, IV, and V B) I, II, and IV C) I, II, III, and IV D) II, III, and IV
Cascade Landscaping Service (CLS) has decided to purchase computer-assisted-design (CAD) software for landscape design. Describe the conditions under which each of the three business buying situations would take place.
What will be an ideal response?