If the net markdowns are excluded from the calculation of the cost-to-retail ratio in the retail inventory method, what is the effect on the cost-to-retail ratio?
A) The denominator of the ratio will be lower, which results in a higher cost-to-retail ratio.
B) The denominator of the ratio will be higher, which results in a lower cost-to-retail ratio.
C) The numerator of the ratio will be higher, which results in a higher cost-to-retail ratio.
D) The numerator of the ratio will be lower, which results in a lower cost-to-retail ratio.
B
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Profile Corporation The following data concern Profile Corporation for 2012. Accounts receivable--January 1, 2012 $ 250,000 Credit sales during 2012 1,000,000 Collections from credit customers during 2012 750,000 Allowance for bad debts--January 1, 2012 20,000 Estimated uncollected accounts based on an aging analysis 45,000 Refer to the information provided for Profile Corporation. If the aging
method is used to estimate bad debts, what amount should be recorded as bad debt expense for 2012? A) $45,000 B) $20,000 C) $25,000 D) $15,000
A restaurant manager tracks complaints from the diner satisfaction cards that are turned in at each table. The data collected from the past week's diners appear in the following table
Complaint Frequency Food taste 27 Food temperature 9 Order mistake 5 Slow service 19 Table/utensils dirty 47 Too expensive 9 Using a classic Pareto analysis, what categories comprise 80% of the total complaints? A) Table/utensils dirty B) Table/utensils dirty, Food taste, Slow service C) Food taste, Food temperature, Order mistake, Slow service, Table/utensils dirty D) Food taste, Food temperature, Order mistake, Slow service, Too expensive
Human relations is just common sense.
Answer the following statement true (T) or false (F)
When faced with a difficult ethical decision, you should start by looking at the big picture
Indicate whether the statement is true or false