The Michael Painting Company has purchased paint from several suppliers. The purchase price per gallon and the number of gallons purchased are shown below.
Supplier
Price Per Gallon ($)
Number of Gallons
A
23
700
B
25
200
C
29
100
D
27
200
Compute the weighted average price per gallon.
What will be an ideal response?
$24.50
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Answer the following statements true (T) or false (F)
1. Benchmarking often compares a company against a key competitor or the industry average. 2. No single ratio tells the whole picture of any company's performance. 3. Online financial databases provide data on companies which allows investors to compare the companies' future earnings. 4. Ratios can be used to analyze a company's ability to pay long-term debt. 5. Working capital measures a business's ability to meet its long-term obligations with its current assets.
Attributes are characteristics that are ______.
A. counted using whole numbers B. presented with decimal values C. always presented as a ratio type of data D. usually independent variables
One reason that a common-size statement is a useful tool in financial performance evaluation is that it enables the user to
a. make better comparisons of two companies of different sizes in the same industry. b. determine which companies in a single industry are of the same size. c. judge the relative potential of two companies of similar size in different industries. d. determine which companies in a single industry are of the same value.
A retail area with a perfect level of balanced tenancy is a(n) ____ area
a. understored b. saturated c. overstored d. charted