Mason Enterprises' net marketing contribution of $50 million is derived from sales of $200 million. If its marketing and sales expenses amount to $20 million, what is its percentage of gross profit margin?
A) 40%
B) 35%
C) 20%
D) 25%
E) 30%
B
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Saad has been a manager at Revel Consulting for the past five years. As the business has grown, Saad has taken on more and more responsibilities and is now at the point where he is working on over 10 projects every quarter. Saad has asked his supervisor, Vance, to hire two assistant managers to aid in completing the projects, but Vance doesn’t agree that extra help is necessary at this point. Vance appears to be stuck at which step of the motivational process?
a. need b. motive c. satisfaction or dissatisfaction d. feedback
Which of the following best describes a market development strategy?
A. selling new products to existing markets B. selling existing products to new markets C. selling unrelated products to existing markets D. selling more of current products to existing markets E. selling new products to new markets
On November 1, 2017, Oster, Inc. declared a dividend of $4.50 per share. Oster, Inc. has 23,000 shares of common stock outstanding and no preferred stock. Which of the following is the journal entry needed to record the declaration of the dividend?
A) Debit Dividends Payable-Common $103,500, and credit Retained Earnings $103,500. B) Debit Cash Dividends $103,500, and credit Cash $103,500. C) Debit Cash Dividends $103,500, and credit Dividends Payable-Common $103,500. D) Debit Cash $103,500, and credit Dividends Payable-Common $103,500.
Consider the following information:Income Statement Information:?Other Information:Net Sales Revenue$200,000 ?Increase in Accounts Receivable$ 200Cost of Goods Sold 60,000 ?Decrease in Inventory600Gross Margin 140,000 ?Increase in Prepaid Expense700Salary Expense60,000 ?Decrease in Accounts Payable2,200Depreciation Expense30,000 ?Decrease in Accrued Liabilities800Other Expense 20,000 ?Increase in Income Taxes Payable1,900Net Income Before Tax30,000?Reduction of Long-Term Debt13,700Income Tax Expense 9,000 ?Purchases of Equipment29,000Net Income$ 21,000????????Required:Use the direct method to compute the amount of net cash flows provided by (used in) operating activities.
What will be an ideal response?