Adhering strictly to job descriptions and performing only the listed duties is one of the governing principles that describe customer-supplier relationships under total quality
a. True
b. False
Indicate whether the statement is true or false
False
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Foreign currency translation adjustment is an example of an item that would be included in other comprehensive income
a. True b. False Indicate whether the statement is true or false
In 2015, Dickens Company had a beginning balance in its Cash Dividend Payable account of $5,000 and an ending balance of $4,000 . During 2015, the only dividends Dickens declared were $46,000 in cash to the common stockholders. How much cash was paid to the common stockholders?
a. $45,000 b. $47,000 c. $46,000 d. $ 1,000
Exhibit 4.1The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $)Assets 2018 Cash and securities $3,000 Accounts receivable 15,000 Inventories 18,000 Total current assets $36,000 Net plant and equipment $24,000 Total assets $60,000 Liabilities and Equity Accounts payable $18,630 Accruals 8,370 Notes payable 6,000 Total current liabilities $33,000 Long-term bonds $9,000 Total liabilities $42,000 Common stock $5,040 Retained earnings 12,960 Total common equity $18,000 Total liabilities and equity $60,000 Income Statement (Millions of
$)2018Net sales $84,000 Operating costs except depreciation78,120 Depreciation 1,680 Earnings before interest and taxes (EBIT)$4,200 Less interest 900 Earnings before taxes (EBT) $3,300 Taxes 1,320 Net income $1,980 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of $) $693.00 Int rate on notes payable & L-T bonds6% Federal plus state income tax rate40% Year-end stock price $47.52 ? Refer to Exhibit 4.1. What is the firm's equity multiplier? Do not round your intermediate calculations. A. 3.33 B. 3.43 C. 3.50 D. 3.40 E. 2.73
The risk-adjusted discount rate for a replacement decision will be less than the rate used by the
same firm when considering a new product line. Indicate whether the statement is true or false