The following information is available from the accounting records of the Bright Company: Beginning balance of fixed assets$100,000 Net sales revenue 360,000 Ending balance of fixed assets 120,000 Net income 36,000 What is the fixed asset turnover ratio?
A. 0.10 times
B. 10 times
C. 3 times
D. 3.27 times
Answer: D
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________ involves entering a foreign market by establishing foreign-based manufacturing facilities
A) Exporting B) Direct investment C) Joint venturing D) Contract manufacturing E) Direct exporting
Highly volatile inflation rates and earning rates make goal planning a useless activity
Indicate whether the statement is true or false.
Which of the following triggers manufacturing under the just-in-time management system?
A) increased purchases B) consumer demand C) government pressure D) budgeted profit
In a sample of 400 people, 250 indicated that they prefer domestic wines, while 140 said they prefer European wines, and 10 indicated no preference. We want to use the sign test to determine if there is evidence of a significant difference in the preferences for the two types of wine
a. Provide the hypotheses to be tested. b. Compute the mean. c. Compute the standard deviation. d.. At 95% confidence, test to determine if there is evidence of a significant difference in the preferences for the two types of wine.