Working capital management is the management of:
A) long-term debt.
B) short-term assets and liabilities.
C) capital assets and equity.
D) short-term debt, long-term debt, and equity.
B
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Which of the following statements is most likely true of public relations?
A) It requires participating companies to pay for media space or time. B) It can have the same impact on public awareness as advertising at much lower costs. C) It is always handled by a third-party agency hired by the firm. D) It forms a huge portion of the overall marketing budget of most large firms. E) It plays an insignificant role in brand building with the increasing popularity of advertising.
Which of the following are the basic elements of a balance sheet?
A) income, expenses, and outcome B) operations, sales, and growth C) assets, liabilities, and stockholders' equity D) receipts, deductions, and taxes E) budgets, controls, and corrective actions
[The following information applies to the questions displayed below.] Galaxy, Inc., a manufacturer of telescopes, began operations on June 1 of the current year. During this time, the company produced 60,000 units and sold 40,000 units at a sales price of $600 per unit. Cost information for this year is shown in the following table:Production costs Direct materials$90per unitDirect labor$75per unitVariable overhead$4per unitFixed overhead$420,000in totalNon-production costs Variable selling and administrative$80,000in totalFixed selling and administrative$520,000in totalGiven the Galaxy, Inc. data, what is net income using absorption costing?
A. $16,360,000 B. $17,400,000 C. $16,800,000 D. $11,275,000 E. $16,220,000
Which of the following is an example of a service merchant wholesaler?
A. catalog wholesaler B. drop-shipper C. auction company D. personal shopper E. specialty wholesaler