Guest co-production ______ the role of the guest-contact employee.
a. eliminates
b. duplicates
c. simplifies
d. expands
d. expands
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Which of the following situations would cause the margin of safety to be negative
a. The fixed cost are less than the contribution margin. b. Operating leverage is less than 100. c. Sales volume is less than the break-even point. d. The variable costs exceed the fixed costs.
A manager who wants to introduce flexible work schedules in a company will write which one of the following proposals for management consideration?
a. solicited proposal b. RFP c. external proposal d. internal proposal
The face value of a bond is
A) the amount the issuer will pay to redeem the bond at its maturity. B) its current market price. C) its book value. D) its potential value in the face of liquidation.
Edison Inc. has annual sales of $41,610,000, or $114,000 a day on a 365-day basis. The firm's cost of goods sold are 75% of sales. On average, the company has $9,000,000 in inventory and $8,000,000 in accounts receivable. The firm is looking for ways to shorten its cash conversion cycle. Its CFO has proposed new policies that would result in a 20% reduction in both average inventories and accounts receivable. She also anticipates that these policies would reduce sales by 10%, while the payables deferral period would remain unchanged at 35 days. What effect would these policies have on the company's cash conversion cycle? Do not round intermediate calculations. Round to the nearest whole day.
A. -16 days B. -21 days C. -17 days D. -19 days E. -22 days