Marketing managers use performance indexes to compare what did happen with what ought to have happened.
Answer the following statement true (T) or false (F)
True
To get a better check on performance effectiveness, the marketing manager compares what did happen with what ought to have happened. This involves the use of performance indexes.
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Aspen Company provides for doubtful accounts expense at the rate of 3 percent of credit sales. The following data are available for last year: Allowance for Doubtful Accounts, January 1 ..... $ 54,000 (cr) Accounts written off as uncollectible during the year ......................................... 60,000 Collection of accounts written off in prior years.. (customer credit was re-established)
........... 15,000 Credit sales, year-ended December 31 ........... 3,000,000 The allowance for doubtful accounts balance at December 31 . after adjusting entries, should be a. $45,000. b. $99,000. c. $90,000. d. $84,000.
Identify the formula for the rate of return on investment
A) Invested Assets/Income From Operations B) Sales/Invested Assets C) Income From Operations/Sales D) Income From Operations/Invested Assets
A high value for the times interest earned ratio means that a company is a lower risk borrower.
Answer the following statement true (T) or false (F)
A federal circuit court of appeals that has jurisdiction in a case reviews the commission's legal findings to ensure that ________
A) it acted within the scope of the Government in Sunshine Act B) it acted in a constitutionally approved way C) the administrative law judge actually read the submitted exhibits D) the losing party accepts the administrative law judge's initial decision