A firm operated at 80% of capacity for the past year, during which fixed costs were $330,000, variable costs were 70% of sales, and sales were $1,000,000. Operating profit was:
A) $140,000
B) ($30,000)
C) $370,000
D) $670,000
B
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Which of the following is an example of an experiential training method?
A. John and his colleagues take part in a rafting course sponsored by their company. B. Kristin and five other managers are tasked to study a business problem and present recommendations. C. Jason is asked to review videos of other employees exhibiting certain important behaviors related to the workplace. D. Katy uses an online persona to make decisions in game simulations involving job-related situations. E. Maggie, a cashier, is being trained to stock shelves in case there is a shortage of employees.
Many people view the balance sheet as being a representation of a firm's economic position. What are some issues that reduce the quality of this representation?
Which of the following ratios is rated to be a primary measure of liquidity and the highest significance rating of the liquidity ratios according to commercial loan departments?
a. Debt/Equity b. Current Ratio c. Degree of Financial Leverage d. Inventory Turnover in Days e. Accounts Receivable Turnover in Days
Explain why a customer's purchase history may be considered the most important piece of information collected in a CRM system
What will be an ideal response?