A business's return on sales is ________
A) sales divided by net marketing contribution
B) net marketing contribution multiplied by sales
C) net marketing contribution divided by sales
D) net profit multiplied by sales
E) net profit divided by sales multiplied by 100%
E
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In the liquidity-preference model, a decline in prices causes the
A. money supply curve to shift to the right. B. money supply curve to shift to the left. C. money demand curve to shift to the left. D. money demand curve to shift to the right.
For each of the following tax treatments, explain the application of the income tax concept(s) that form(s) the basis for the treatment.
a.Antonio uses his automobile 60% of the time in his insurance business and 40% of the time for personal purposes. Antonio is only allowed to deduct 60% of the cost of operating the automobile. b.Teresa is a university student majoring in accounting. Teresa became a friend with her neighbor who owns an electronics store. In return for setting up an accounting system for her neighbor's store, Teresa is given an iPod worth $600. Teresa must include the value of the iPod in her gross income. c.Larry bought 300 shares of Shamrock common stock in April for $6 per share. At December 31, Shamrock common stock is selling for $8 per share. Larry does not have to recognize any income from the Shamrock common stock in the current year. d.Allan bought $10,000 par value of 8% Lake City Water Improvement District bonds for $9,200 several years ago. During the current year, Allan receives $400 in interest on the bonds before selling them for $9,600. Allan's only recognized income from the bonds is the $400 gain on the sale of the bonds. e.Anita is an author of history books. In 2018, she signed a contract to write a book on the history of the Tea Party. At that time, she received a $5,000 advance on her royalty payments. The terms of her contract required her to return the advance if she does not complete the book or if her royalties are insufficient to cover the advance. Anita finishes the book in 2018. Anita must include the $5,000 income in her 2018 tax return. What will be an ideal response?
The Lanham Act cannot protect the rights to a trademark if
A. the company is accused of violating the Sherman Antitrust Act. B. the government refuses to enforce violations. C. the statute of limitations has run out. D. the product patent is less than 17 years old. E. the word, name, or symbol has become generic.
During which stage of the organizational design process would one ensure that the new structure is functioning well?
a. Setting the scene b. Understanding the business climate c. Evaluating the design d. Transforming the design