The complexity and scale of transportation makes it an excellent area within the supply chain for the use of

A) a dedicated logistics manager.
B) a fleet of vehicles.
C) information technology systems.
D) a common unit of money.


Answer: C

Business

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Owners of ________ stock do not lose their rights to a dividend in a year in which no dividends are declared

A) cumulative preferred B) participating preferred C) convertible D) common

Business

The current year income statements for the Alpha Company and the Omega Company appear below:?Alpha CompanyOmega CompanyNet sales$ 1,050,000$ 260,000Cost of goods sold475,000107,500Operating expense367,50073,000Required:1. Prepare common size income statements for the Alpha Company and the Omega Company.2. What is the gross margin percentage for each company?3. What is the net income percentage for each company?4. Briefly comment on the pricing policies of each company as well as the ability to control expenses. Disregarding the difference in size, which company appears to be doing a better job?

What will be an ideal response?

Business

The inside basis is defined as a partner’s basis in the partnership interest.

Answer the following statement true (T) or false (F)

Business

Which one of the following is the clause which prevents a bond issuer from issuing new debt that has seniority over current debt?

A. negative pledge B. first-in-line C. call provision D. affirmation E. sinking fund

Business