Which of the following is an interorganizational business process?
A) Hiring an employee
B) Identifying a customer
C) Creating financial statements
D) Ordering raw materials
E) Checking product quality
D
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The brand equity of LifeSecure Inc., an American health insurance firm, was diminished when its top executives were subject to money laundering allegations. Which type of brand liability does this best represent?
A) customer dissatisfaction B) poor product conformance C) product or service failures D) poor record on social issues E) questionable practices
The average length of time elapsed before the product or component fails is known as ______.
A. MTBF (mean time between failures) B. MTBF (mean time of breakdown frequency) C. MTTR (mean time to repair) D. MTDT (mean time of downtime)
Freiman Corporation's most recent balance sheet and income statement appear below:Balance SheetDecember 31, Year 2 and Year 1(in thousands of dollars) Year 2Year 1Assets Current assets: Cash$166? $126? Accounts receivable, net 235? 255? Inventory 126? 136? Prepaid expenses 43? 43? Total current assets 570? 560? Plant and equipment, net 730? 730? Total assets$1300? $1290? Liabilities and Stockholders' Equity Current liabilities: Accounts payable$136? $156? Accrued liabilities 93? 93? Notes payable, short term 63? 73? Total current liabilities 292? 322? Bonds payable 289? 299? Total liabilities 581? 621? Stockholders'
equity: Common stock, $2 par value 106? 106? Additional paid-in capital 215? 215? Retained earnings 398? 348? Total stockholders' equity 719? 669? Total liabilities & stockholders' equity$1300? $1290? Income StatementFor the Year Ended December 31, Year 2(in thousands of dollars)Sales (all on account)$1430? Cost of goods sold 840? Gross margin 590? Selling and administrative expenses 374? Net operating income 216? Interest expense 41? Net income before taxes 175? Income taxes (30%) 53? Net income$122? The current ratio at the end of Year 2 is closest to: A. 1.07 B. 0.48 C. 1.95 D. 0.47
Pro forma financial statements should be prepared semi-monthly for the first year of the venture.
Answer the following statement true (T) or false (F)