Convex Industries has inventories of $218 million, current assets of $1.4 billion, and current liabilities of $504 million. What is its quick ratio?
A) 1.17
B) 0.94
C) 2.81
D) 2.35
Answer: D
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Appliance America's customer complaints have increased because its drivers often get lost when attempting deliveries, which means that the deliveries arrived late. The drivers have resisted using GPS systems, claiming they know their territories. But managers are now encouraging them to look for the best solution to the increased level of customer complaints. Appliance America is in the ________ stage of Lewin's change model.
A. changing B. unfreezing C. evaluation D. learning E. refreezing
An agent can exercise his implied authority when:
A. the principal does not grant the agent any powers. B. the principal's property interests need to be protected by the agent during an emergency. C. the agent is a special agent and not a general agent. D. third persons believe that authority exists because past actions of the agent were ratified by the principal.
A television commercial for Prime mouthwash shows a young man at a night club approaching a group of women. As he opens his mouth to introduce himself, the women get up from their seats and leave. The ad's caption reads, "Do you suffer from bad breath?" This is an example of
A. comparative advertising. B. a fear appeal. C. an irrational appeal. D. noncognitive advertising. E. a refutational appeal.
Cooney Inc. has provided the following data concerning a proposed investment project (Ignore income taxes.): Initial investment$160,000 Life of the project 4yearsAnnual net cash inflows$70,000 Salvage value$16,000 The company uses a discount rate of 17%.See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.Required:Compute the net present value of the project.
What will be an ideal response?