Information technology (IT) can also play a key role in enhancing the value that a company can provide its customers and, in turn, increasing its own revenues and profits. IT is an activity within the support activities of general administration.
Answer the following statement true (T) or false (F)
True
Information technology (IT) can also play a key role in enhancing the value that a company can provide its customers and, in turn, increasing its own revenues and profits. General administration consists of a number of activities, including general management, planning, finance, accounting, legal and government affairs, quality management, and information systems.
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Contingent liabilities must be recorded if:
A. The future event is reasonably possible but not estimable. B. The future event is probable and the amount owed can be reasonably estimated. C. The future event is remote. D. The future event is probable but not estimable. E. The amount owed cannot be reasonably estimated.
Discuss the difference between sales forecasts and company sales potential. Why is it important for a marketer to be able to forecast sales?
What will be an ideal response?
You have run a capacity resource profile on your shop. A process routes products sequentially through resources A, B, C, and D. The capacity resource profile tells you that resource A is scheduled at 95 percent of capacity, resource B at 80 percent of capacity, resource C at 130 percent of capacity, and resource D at 100 percent of capacity. Assuming that the data we used to calculate the capacity resource profile was accurate, what have we discovered about the process A, B, C, and D?
What will be an ideal response?
Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Cash$74,000 $130,000 Accounts receivable, net$255,000 $240,000 Inventory$173,000 $180,000 Total current assets$564,000 $610,000 Total assets$1,350,000 $1,330,000 Accounts payable$170,000 $160,000 Total liabilities$633,000 $620,000 Total stockholders' equity$717,000 $710,000 Sales (all on account)$1,290,000 Cost of goods sold$700,000 The company's inventory turnover for Year 2 is closest to:
A. 3.89 B. 4.05 C. 3.97 D. 1.04