When the customers of Granite Rock expressed their desire for 24-hour availability of ground rock products from the quarry, the company responded by creating an ATM-like system and the Granite Xpress Card that allows customers to enter the quarry and select and receive ground rock products at any time of the day or night. Granite Rock addressed customer requests with a(n):
A. Quick solution
B. Compliant standard
C. Internal anchor
D. Concrete substitution
E. One-time fix
Answer: E
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Describe the difference between inside money and outside money, and explain whether each of the following items represent inside money or outside money: a.Checking accountsb.Coinsc.Travelers checksd.Money-market mutual fundse.$100 bills
What will be an ideal response?
If a company has 75,000 shares of treasury stock, 520,000 shares outstanding, and 1,500,000 shares authorized, how many shares are issued?
A) 500,000 B) 75,000 C) 520,000 D) 595,000
A zero coupon bond is a bond that pays no interest and is offered (and subsequently sells initially) at par. These bonds provide compensation to investors in the form of capital appreciation.
Answer the following statement true (T) or false (F)
Buckley Corporation's most recent comparative balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$19 $20 Accounts receivable 26 27 Inventory 56 51 Property, plant, and equipment 686 550 Less accumulated depreciation 430 363 Total assets$ 357 $ 285 Liabilities and stockholders' equity: Accounts payable$30 $34 Bonds payable 43 40 Common stock 54 50 Retained earnings 230 161 Total liabilities and stockholders' equity$ 357 $ 285 The company's net income for the year was $91 and it paid a cash dividend of $22. It did not dispose of any property, plant, and equipment during the year. The company did not retire any bonds payable or repurchase any of its own
common stock.The free cash flow for the year was: A. $128 B. $308 C. $14 D. $(8)