Which of the following can be described as a systemized group of activities intended to recognize and evaluate the potential failure of a product or a process and its effects?
A) SWOT
B) FMEA
C) SDLC
D) OOAD
B
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How long a company holds inventory before selling it can be measured by dividing cost of goods sold by the average inventory balance to determine the:
A. Price earnings ratio. B. Inventory turnover. C. Accounts receivable turnover. D. Days' sales uncollected. E. Current ratio.
Pettijohn Inc.The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.
Balance Sheet (Millions of $) Assets2016 Cash and securities$ 1,554.0 Accounts receivable9,660.0 Inventories 13,440.0 Total current assets$24,654.0 Net plant and equipment 17,346.0 Total assets$42,000.0 Liabilities and Equity Accounts payable$ 7,980.0 Notes payable5,880.0 Accruals 4,620.0 Total current liabilities$18,480.0 Long-term bonds 10,920.0 Total liabilities$29,400.0 Common stock3,360.0 Retained earnings 9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0 Income Statement (Millions of $)2016 Net sales$58,800.0 Operating costs except depr'n$55,274.0 Depreciation$ 1,029.0 Earnings bef int and taxes (EBIT)$ 2,497.0 Less interest 1,050.0 Earnings before taxes (EBT)$ 1,447.0 Taxes$ 314.0 Net income$ 1,133.0 Other data: Shares outstanding (millions)175.00 Common dividends$ 509.83 Int rate on notes payable & L-T bonds6.25% Federal plus state income tax rate21.7% Year-end stock price$77.69 Refer to the data for Pettijohn Inc.What is the firm's current ratio? A. 0.97 B. 1.08 C. 1.20 D. 1.33 E. 1.47
Darren wants to impress his new girlfriend whose father is a nationally known race car driver. He drives his Lexus to the Chevrolet dealer and without negotiating, trades the Lexus in for a new smoke gray 545-hp Nissan GT-R. The car cost him $174,990 but he feels it is worth it to impress his girlfriend. What specific type of product did Darren purchase?
A. Convenience product B. Shopping product C. Specialty product D. Consumer product
While most states have adopted limited liability company statutes, few states have created statutes allowing the formation of limited liability partnerships
Indicate whether the statement is true or false