Describe the three types of financial instruments issued by the U.S. Department of the Treasury
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Answer: The U.S. Department of the Treasury issues three types of financial instruments:
1. Treasury bills, with maturities of less than a year; these are zero-coupon instruments in that they pay both principal and interest at maturity only.
2. Treasury notes, with maturities of between two and ten years; these are semiannual bonds.
3. Treasury bonds, with maturities of more than ten years; these are also semiannual bonds.
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A company which can differentiate itself by designing a better and faster delivery system that provides more effective and efficient solutions to consumers is most likely using ________ differentiation
A) services B) channel C) image D) product E) employee
Return on investment is a useful measure to evaluate the performance of a cost center manager.
Answer the following statement true (T) or false (F)
Bruce is a resource investigator within a group, so he will explore opportunities and develop valuable contacts
Indicate whether the statement is true or false.
Montana Company reported the following operating results for Year 1 and Year 2:Year 1Amount% of SalesSales$ 800,000?Cost of goods sold___440,000?Gross margin360,000?Operating expenses___225,000?Income before taxes135,000?Income taxes____40,000?Net income$ 95,000?Year 2Amount% of SalesSales$ 960,000?Cost of goods sold___635,000?Gross margin325,000?Operating expenses___275,000?Income before taxes50,000?Income taxes____15,000?Net income$ 35,000?Required:Express each income statement component for each year as a percentage of sales. Round your answer to one decimal place (i.e. 22.5%)
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