Both reactive and proactive problem solvers can turn problems into opportunities, but taking a reactive approach means you can identify opportunities earlier and exploit them faster.
Answer the following statement true (T) or false (F)
False
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Which of the following statements is true of a central business district?
A. It provides inexpensive retail space. B. It has low pedestrian traffic. C. The shopping flow is fast during evenings. D. It has limited vehicular traffic. E. The shopping flow is fast during weekends.
All of the following are the goals of internal controls over merchandising transactions except
a. To keep credit losses at a minimum b. To retain enough cash to take advantage of cash discounts c. To keep the appropriate amount of inventory on hand d. To decide on the quality of materials to be purchased
Followers can move back and forth along the developmental continuum, therefore leaders should ______.
A. use the one leader behavior with which they are most comfortable B. put structures in place to limit this movement C. be flexible in their leadership behavior D. challenge the movement and direct followers to stay where they are
Freiman Corporation's most recent balance sheet and income statement appear below:Balance SheetDecember 31, Year 2 and Year 1(in thousands of dollars) Year 2Year 1Assets Current assets: Cash$166? $126? Accounts receivable, net 235? 255? Inventory 126? 136? Prepaid expenses 43? 43? Total current assets 570? 560? Plant and equipment, net 730? 730? Total assets$1300? $1290? Liabilities and Stockholders' Equity Current liabilities: Accounts payable$136? $156? Accrued liabilities 93? 93? Notes payable, short term 63? 73? Total current liabilities 292? 322? Bonds payable 289? 299? Total liabilities 581? 621? Stockholders'
equity: Common stock, $2 par value 106? 106? Additional paid-in capital 215? 215? Retained earnings 398? 348? Total stockholders' equity 719? 669? Total liabilities & stockholders' equity$1300? $1290? Income StatementFor the Year Ended December 31, Year 2(in thousands of dollars)Sales (all on account)$1430? Cost of goods sold 840? Gross margin 590? Selling and administrative expenses 374? Net operating income 216? Interest expense 41? Net income before taxes 175? Income taxes (30%) 53? Net income$122? The current ratio at the end of Year 2 is closest to: A. 1.07 B. 0.48 C. 1.95 D. 0.47