According to your textbook, out of the time people spend on communication, about ________ of that time is spent on sending messages and about ________ is spent on receiving messages.
A) 40%; 60%
B) 50%; 50%
C) 60%; 40%
D) 70%; 30%
A) 40%; 60%
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To be effective, the participants in a sales club should sell competing products.
Answer the following statement true (T) or false (F)
Inventory turnover is ______.
A. a measure of how frequently a business sells its inventory in a given time period B. calculated as the ratio of the cost of goods sold to the average manufacturing cost C. calculated as the ratio of the cost of goods returned by customers to cost of goods sold to customers D. calculated as the product of the cost of goods returned by customers to cost of goods sold to customers
Based on the information in the following income statement and balance sheet for Monterey Corporation, determine the cash flows from operating activities using the direct method.Monterey CorporationIncome StatementFor Year Ended December 31, 20X2Sales?$504,000?Cost of goods sold327,600 ??Depreciation42,000 ??Other operating expenses 125,500 (495,100)Other gains (losses):??? Gain on sale of equipment? 7,200?Income before taxes?16,100?Income tax expense? (4,800)Net income?$ 11,300?????Monterey CorporationBalance SheetsAt December 31????? 20X2?20X1? Cash$64,650?$55,800? Accounts receivable21,000?29,000? Inventory58,000?52,100? Equipment240,000?222,000? Accumulated depreciation(106,000)
(96,000)Total assets$277,650?$262,900?????? Liabilities:???? Accounts payable$28,400?$23,700? Income taxes payable1,050?1,200? Total liabilities$29,450?$24,900?Equity:???? Common stock$106,000?$106,000? Paid-in Capital in Excess of Par18,000?18,000? Retained earnings124,200?114,000? Total equity$248,200?$238,000?Total liabilities and equity$277,650?$262,900?????? What will be an ideal response?
Motion to Dismiss. Martin brought a civil rights action against his employer, the New York Department of Mental Hygiene, when it failed to promote him on several occasions. His complaint stated only that the defendant had discriminated against him on
the basis of race by denying him "the authority, salary, and privileges commensurate with this position." The employer made a motion to dismiss the claim for failure to state a cause of action. Discuss whether the employer could be successful.