Grant Company reported the following on its income statement: Income before income taxes $420,000 Income tax expense 120,000 Net income $300,000 An analysis of the income statement revealed that interest expense was $60,000. Grant Company's times interest earned was
A) 8 times
B) 7 times
C) 6 times
D) 5 times
A
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When a manager decides to take no action in the belief that there will be no great negative consequences, she is engaged in
A. limited reaction. B. relaxed avoidance. C. relaxed change. D. decreased involvement. E. defensive avoidance.
A(n) ________ developed by a retailer is comparable with national brands on quality rather than price.
A. umbrella brand B. subbrand C. exclusive brand D. copycat brand E. premium brand
Explain media richness theory and give an example of a rich medium and a lean medium
The primary function of most wholesalers is to
A. support the needs of the manufacturers and provide them with market information. B. provide for the unique needs of the individual retailers buying their merchandise. C. provide information system tracking of inventory for the ultimate consumer. D. perform physical distribution of products from manufacturers to retailers. E. develop and share database information about customers.