Which of the following phrases best describes the interpretation of the fixed asset turnover ratio?
A. It measures return on total assets.
B. It measures how efficiently sales are generated with a given amount of fixed assets.
C. It measures the speed of cash collected on fixed assets.
D. It measures how quickly fixed assets are bought and sold.
Answer: B
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Anole Company was incorporated as a new business on January 1, 2015 . The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, participating preferred stock. On January 1, 2015, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for the year
ended December 31, 2015, was $375,000. Refer to the information about Anole Company. The amount of Anole's total contributed capital at December 31, 2015, is a. $ 60,000 . b. $120,000 . c. $180,000 . d. $555,000.
Why might an advertiser prefer an junior poster over a 30-sheet poster?
What will be an ideal response?
Focused strategies keyed either to low cost or differentiation are especially appropriate for situations where
A. most industry rivals have weakly differentiated products. B. the market is composed of distinctly different buyer groups who have different needs or use the product in different ways. C. buyers have strong bargaining power and entry barriers are low. D. most other rival firms are using a best-cost producer strategy. E. most industry participants are also using a focused differentiation strategy.
Which is not a function of the leader of a meeting?
A) Encouraging quieter members to participate. B) Summarizing the accomplishments at the end of the meeting. C) Ensuring that participants support their ideas with evidence. D) Stating the purpose and previewing the agenda at the start. E) Keeping participants focused on agenda items.