A positive closing to a bad-news message ________
A) refers to the negative news
B) apologizes for the bad news
C) is forward-looking
D) downplays a "silver lining"
E) reiterates the circumstances of the problem
Answer: C
Explanation: C) The conclusion to a bad-news message provides an additional opportunity to stress the positive, instill confidence, and promote goodwill. A positive closing does not refer to the negative news or apologize for the bad news. It is forward-looking and optimistic.
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Fresh Fruit Company has assets of less than $10 million and fewer than fifty shareholders. Gourmand Pastries, Inc, has assets of more than $50 mil¬lion and more than five hundred shareholders. The Securities Exchange Act of 1934 applies to
a. Fresh Fruit and Gourmand Pastries. b. Fresh Fruit only. c. Gourmand Pastries only. d. neither Fresh Fruit nor Gourmand Pastries.
Use the financial data shown below to calculate the following ratios for the current year:(a) Current ratio.(b) Acid-test ratio.(c) Accounts receivable turnover.(d) Days' sales uncollected.(e) Inventory turnover.(f) Days' sales in inventory.Income statement dataSales (all on credit)………………………………… $650,000Cost of goods sold…………………………………. 425,000Income before taxes……………………………….. 78,000Net income………………………………………… 54,600?EndingBalancesBeginningBalancesCash$ 19,500$ 15,000Accounts receivable (net) 65,00060,000Inventory71,50064,500Plant and equipment (net)195,000183,900Total assets$351,000$323,400Current liabilities $ 62,400$ 52,700Long-term notes
payable97,500100,000 What will be an ideal response?
_________ inventory is the average amount of inventory held to satisfy customer demands between inventory deliveries.
Fill in the blank(s) with the appropriate word(s).
Compute Aztec's departmental overhead rate for the baking department based on direct labor hours.
Aztec Industries produces bread which goes through two operations, mixing and baking, before it is ready to be packaged. Next year's expected costs and activities are shown below.
A) $1.50 per DLH
B) $5.00 per DLH
C) $0.75 per DLH
D) $0.50 per DLH
E) $2.08 per DLH