Which of the following terms is correctly described?
A. Lean manufacturing allows a company to achieve efficient levels of high-volume, low-cost production.
B. Synchronous manufacturing reduces flexibility in responding to customer demand.
C. Agile manufacturing refers to manufacturing in multiple locations.
D. Distributed manufacturing refers to using different teams in the manufacturing process to maintain objectivity.
A. Lean manufacturing allows a company to achieve efficient levels of high-volume, low-cost production.
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Which of the following payment methods offers the most security for the salesperson?
A. tax deductions B. straight salary C. profit-sharing D. combination plan E. straight commission
Alice loans Grant $500 and Sue acts as surety under the loan agreement. When Grant defaults, Alice comes to Sue to collect the $500. Sue reaches a settlement to pay $400 to Alice in complete satisfaction of the loan. What recourse does Sue have against Grant?
A) She can require reimbursement of $400. B) She can require payment of $500. C) She can require payment of $100. D) She cannot require him to pay her, since she accepted the risk of liability.
Refer to the income statement above. For the year ending December 31, 2006 Luther's earnings per share is closest to ________
Luther Corporation Consolidated Income Statement Year ended December 31 (in $millions) 2006 2005 Total sales 610.1 578.3 Cost of sales -500.2 -481.9 Gross profit 109.9 96.4 Selling, general, and administrative expenses -40.5 -39.0 Research and development -24.6 -22.8 Depreciation and amortization -3.6 -3.3 Operating income 41.2 31.3 Other income -- -- Earnings before interest and taxes (EBIT) 41.2 31.3 Interest income (expense) -25.1 -15.8 Pretax income 16.1 15.5 Taxes -5.5 -5.3 Net income 10.6 10.2 Price per share $16 $15 Sharing outstanding (millions) 10.3 8.0 Stock options outstanding (millions) 0.4 0.1 Stockholders' Equity 126.6 63.6 Total Liabilities and Stockholders' Equity 533.1 386.7 A) $0.51 B) $1.03 C) $0.82 D) $1.23