What does the response function of the customer to the salesperson's calls signify?
What will be an ideal response?
The most productive number of calls is reached at the point at which additional calls do not increase sales to the customer. This relationship of sales volume to sales calls is referred to as the response function of the customer to the salesperson's calls.
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When a person owns corporate stocks, government or corporate bonds, or mutual funds, these are called
A) liquid assets. B) household assets. C) investment assets. D) retirement assets.
Sidell Corporation's most recent balance sheet and income statement appear below:Balance SheetDecember 31, Year 2 and Year 1(in thousands of dollars)AssetsYear 2Year 1Current assets: Cash$180 $100 Accounts receivable, net 220 200 Inventory 180 200 Prepaid expenses 20 20 Total current assets 600 520 Plant and equipment, net 660 720 Total assets$ 1,260 $ 1,240 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$130 $130 Accrued liabilities 20 20 Notes payable, short term 100 90 Total current liabilities 250 240 Bonds payable 180 200 Total liabilities 430 440 Stockholders' equity: Common stock, $1 par value 200 200 Additional
paid-in capital 300 300 Retained earnings 330 300 Total stockholders' equity 830 800 Total liabilities & stockholders' equity$ 1,260 $ 1,240 Income StatementFor the Year Ended December 31, Year 2(in thousands of dollars)Sales (all on account)$1,230 Cost of goods sold 780 Gross margin 450 Selling and administrative expenses 235 Net operating income 215 Interest expense 29 Net income before taxes 186 Income taxes (30%) 56 Net income$ 130 Required:Compute the following for Year 2:a. Times interest earned ratio.b. Debt-to-equity ratio. What will be an ideal response?
Flash memory is used in memory cards for storing and transferring data between computers and other devices
Indicate whether the statement is true or false
Nex sponsors a DB(k) plan that provides benefits for all employees. Nex adopted the plan four years ago. Kleen, who is age 55 and earns $100,000, has been employed for the last ten years with Nex. Which of the following statements is correct regarding Kleen's benefits under Nex's DB(k) plan?
A) Kleen will be limited on his deferral to the 401(k) plan because of the required contribution to the DB part of the plan. B) If the DB(k) plan provides for a cash balance option, then Kleen should be receiving pay credits of 6% per year. C) All benefits provided under the DB(k) plan will be 100 percent vested for Kleen. D) Because this plan is a proto-type DB (k) plan, Nex will not have to file a Form 5500.