Mykal's company used to have one of its clothing lines manufactured by an outside supplier. That line is now manufactured at a new factory built by Mykal's company. This change is an example of
A. offsourcing.
B. insourcing.
C. offshoring.
D. inshoring.
E. outsourcing.
Answer: B
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Lee, the CEO of Opal Inc., a digital media startup, holds a meeting with his employees, telling them he wants them to put 100 percent effort into their daily work. He adds that in every quarter the company meets its sales targets, employees will receive a $500 bonus. In this scenario, Lee's actions are most likely to improve
A. continuous learning. B. information systems. C. ethical behavior. D. employee engagement. E. critical thinking.
Which of the following solvency ratios is the best measure to determine the degree to which a company relies on outsiders for funds?
a. Debt-to-equity ratio b. Times interest earned ratio c. Debt service coverage ratio d. Cash flow from operations to capital expenditures ratio
Which of the following is true regarding the relationship of the current ratio to the quick ratio?
a. The current ratio is based on a more conservative measure of liquidity. b. Both focus on the relationship between part or all of the firm's current assets and all of its current liabilities. c. Both focus on the relationship between all of the firm's current assets and part or all of its current liabilities. d. For a company in the service industry, the current ratio and quick ratio will be significantly different.
On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available: Beginning inventory, January 1: $4200Net sales: $42,000Net purchases: $43,000 The company's gross margin ratio is 15%. Using the gross profit method, the cost of goods sold would be:
A. $26,300. B. $5200. C. $35,700. D. $4200. E. $22,100.