The receivables turnover ratio is computed by dividing total gross sales by the average net receivables during the year
Indicate whether the statement is true or false
False
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A simple way to demonstrate responsiveness is to attend to customer needs promptly.
Answer the following statement true (T) or false (F)
People within the same demographic group typically also share psychographic characteristics
Indicate whether the statement is true or false
Blondell Legal Services, LLC, uses the step-down method to allocate service department costs to operating departments. The firm has two service departments, Personnel and Information Technology (IT), and two operating departments, Family Law and Corporate Law. Data concerning those departments follow: Service DepartmentOperating Department PersonnelITFamily LawCorporate LawDepartmental costs$85,284$29,703$883,360$189,010Employees 11 25 121 163PCs 12 26 112 137 Personnel costs are allocated first on the basis of employees and IT costs are allocated second on the basis of PCs. In the first step of the allocation, the amount of Personnel Department cost allocated to the Family Law Department is closest to:
A. $32,248 B. $36,336 C. $33,396 D. $70,252
Which of the following statements is a characteristic of merit increases?
A. They are based on an employee's ability and performance. B. They are a form of profit sharing. C. They are given as a reward on special occasions. D. They are based on an employee's seniority.