The supervisor's supervisor is an important player in the performance management process because they
a. Develop the performance evaluation system that is used
b. Maintain the job descriptions
c. Ensure consistency in the ratings among those they supervise
d. Administer pay increases
c
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Which one of the following business decisions will most likely require financial information?
a. The National Bank is reviewing the loan application from Petra's Restaurant. b. Petra's Restaurant is attempting to sell its stock to the public. c. The labor union representing Winn's Fitness Spa employees is negotiating a pay raise as part of a new labor agreement. d. All of these choices.
The Food Safety Modernization Act: I. offers some protections for whistleblowers II. covers vegetables, seafood and dairy III. covers eggs and poultry IV. gives the FDA power to make mandatory recalls
a. I and II only b. I, III and IV only c. I, II and IV only d. I, II, III, IV
The treasurer for Chic Man Clothing must decide how much money the company needs to borrow in July. The
balance sheet for June 30, 2010 is presented below: Chic Man Clothing Balance Sheet June 30, 2010 Cash $87,000 Accounts payable $550,000 Marketable securities 123,000 Long-term debt 350,000 Accounts receivable 360,000 Common stock 130,000 Inventory 300,000 Retained earnings 270,000 Total current assets 870,000 Total liabilities and stockholders' equity 1,300,000 Fixed assets 430,000 Total assets $1,300,000 The company expects sales of $400,000 for July. The company has observed that 25% of its sales is for cash and that the remaining 75% is collected in the following month. The company plans to purchase $345,000 of new clothing. Usually 70% of purchases is for cash and the remaining 30% of purchases is paid in the following month. Salaries are $135,000 per month, lease payments are $35,000 per month, and depreciation charges are $20,000 per month. The company plans to purchase a new van for $60,000 in July and sell its marketable securities for $123,000. If the company must maintain a minimum cash balance of $25,000, how much money must the company borrow in July?
Which of the following designations does NOT have formal education and testing requirements?
A) Chartered Financial Analyst B) Certified Financial Planner C) Registered Investment Adviser D) Certified Public Accountant