The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. What is Clydesdale Company's residual income?
A) $252,000
B) $900,000
C) $1,400,000
D) $760,000
D
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The number of days' sales uncollected:
A. Is calculated by multiplying accounts receivable by sales. B. Measures a company's ability to pay its bills on time. C. Measures a company's debt to income. D. Is used to evaluate the liquidity of receivables. E. Is calculated by dividing sales by accounts receivable.
David looks to his coworkers when determining whether or not he should obey the company’s code of ethics. He is reasoning at which level?
A. conventional B. preconventional C. postconventional (principled) D. none of these
Product deletion
A. tends to be an easy task for most organizations. B. may be opposed by management. C. involves immediate termination. D. is a matter of indifference to customers. E. usually occurs only with convenience items.
Which of the following statements is true of Baby Boomers?
A. They are otherwise known as the "Millennials." B. They were born between 1925 and 1942. C. They preceded Generation X. D. They were born after the Silent Generation.