The Company is experiencing an increase in competition, and at the same time they are building more production facilities in Southeast Asia. In this scenario, the top management team is most likely to
A. pull decision-making responsibility from low-level management, taking it on themselves.
B. give lower-level managers the authority to make decisions to benefit the firm.
C. increase the cost of their products.
D. restructure to reflect a more bureaucratic, stable organization.
E. rid themselves of all buffering product.
Answer: B
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Soledad and Winston are partners who share income in the ratio of 1:3 and have capital balances of $100,000 and $140,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $130,000 . What amount of loss on realization should be allocated to Soledad?
a. $60,000 b. $27,500 c. $92,500 d. $32,500
Polish, confidence, and passion are elements of what type of communication skill?
A) Nonverbal B) Team C) Listening D) Writing E) Group
Need satisfaction personal selling is based on the notion that
a. customers need to be told what they want. b. the customer needs to know what products the firm offers. c. salespeople should be friendly because customers need to feel that they are appreciated. d. customers will be motivated to buy to satisfy particular needs. e. customers have only one need at a time and it must be met before the salesperson can interest them in any other product.
A company's income statement showed the following: net income, $134,000; depreciation expense, $30,000; and gain on sale of plant assets, $4,000. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses increased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities.
A. $156,600. B. $96,600. C. $141,000. D. $88,600. E. $148,600.