A. A) performing internal audits B) defining the current business C) translating the mission into strategic goals D) implementing a long-term strategy, 2) During the strategic planning process, environmental scanning worksheets 95. 98. E. Working capital management., Which one of the following correctly defines the upward chain of ACCOUNTS PAYABLE X 365 DAYS /COST OF GOODS SOL.365 DAYS/ACCOUNTS PAYABLE TURNOVER. Which of the following would be a likely variable for segmenting the market for this new model? The cash flow statement (CFS), is a financial statement that summarizes the movement of cash and cash equivalents (CCE) that come in and go out of a company. a. Frederick Taylor's scientific management emphasized: The reason that Castle and Cooke processes and packages Dole pineapple products in Hawaii is more than likely because of low energy costs. The story is already written, and a computer is used to insert the relevant information into the spaces left blanksuch as the child's name, his address, his age, his grandparents' name, etc. WebStudy with Quizlet and memorize flashcards containing terms like Economies of scale, Economies of scale are the cost advantage from business expansion. This is an example of a: At the optimal quantity of a public good: Suppose that the Anytown city government asks private citizens to donate money to support the town's annual holiday lighting display. Recent evidence suggests that graduating from college during bad economic times can impact the graduate's earning power for a long time (Financial Times, June 1, 2012). ), Which of the following would be labeled variable costs by a computer manufacturer? Procter & Gamble is using a(n) ___________ targeting strategy for laundry detergents. (Check all that apply. All sales are on credit. Which one of the following events would not require a journal entry on a corporation's books? Betty accepts Chuck's offer to pay Betty $100 for the right to cut down the tree. B. Pillsbury defines all purchasers of flour as its target market. A demand curve for a public good is determined by: People enjoy outdoor holiday lighting displays and would be willing to pay to see these displays but can't be made to pay. What amount does Hansen stand to lose? The cash ratio measures the dollars of cash and marketable securities available to pay each dollar of current liabilities. C) It has a finance division. WebA Trial Balance is also referred to as an unadjusted Trial Balance because it is prepared before adjustments. b) choose the segments most in line with the firm's objectives and long-term growth. When implementing the razor-razorblade strategy, companies make their profit from ______. DuPont Analysis Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Inc. Internal and Sustainable Growth Rates Calculate the internal and sustainable growth rate for Lake of Egypt Marina, Inc. Cross-Sectional Analysis Using the ratios from Problem 3-30 for Lake of Egypt Marina, Inc., and the industry, what can you conclude about Lake of Egypt Marina's financial performance for 2018? Systems such as PRIZM and Acorn provide companies with lifestyle and demographic information about neighborhoods throughout the United States. When research indicated that Bluetooth's products were not reaching the correct target market, marketers of Bluetooth decided to change from demographic segmentation to psychographic segmentation. Which one of the following is NOT a commonly used method for segmenting markets? Tater and Pepper listed $5.6 million of inventory on its balance sheet. The internal growth rate is the growth rate a firm can sustain if it uses only internal financingthat is, retained earningsto finance future growth. It uses the same marketing mix to reach this market. E. Working capital management., Which one of the following correctly defines the upward chain of The next major step they must take is to, 115. Annie's profit margin and dividend payout ratio will remain unchanged. What targeting strategy would be most appropriate in this case? d. The petty cashier is responsible for making payments from the petty cash fund. B. Due to increasing salaries in several other industries that partner with energy companies, the Calculate PattyCake's current ratio, quick ratio, and cash ratio. An Inc. stipulates the exact number of shares the corporation is willing to authorize. | New York | $19,570,000$ | $29$ | d. Both b and c. If there is no seasonal effect on human births, we would hope for equal numbers of children to be born in each season (winter, spring, summer, and fall). - the cost assigned to the land excludes the cost of the old building. WebThe total number of live births per year per 1,000 people in a society is known as the a) total fertility rate. Which of the following would not affect the balance of the Retained Earnings account? The sustainable growth rate is the maximum growth rate that can be achieved when managers finance asset growth with new debt and retained earnings. The Home Depot Rewards MasterCard and The Home Depot Business Rewards MasterCard allows consumers and business owners earn rewards for everyday purchases. e) crude birth rate. Which of the following statements about the undifferentiated targeting strategy is false? Frito-Lay Snack Foods is currently conducting market segmentation studies. This new plant will engage in: Which of the following businesses would be LEAST likely to use an intermittent process? own at least one share of the company's stock. D. dividends paid minus net new equity raised. c. Other assets \ Which of the following statements is not true about a 2-for-1 split? A Trial Balance lists each account and the account balance at the end of the accounting period. Web$460,000 = Total purchase cost + $20,000 $40,000 $80,000. 147. Starcrest Publishing uses: A _____ shop is a manufacturing firm that engages in customization. Calculate the sustainable growth rate for Webb. DuPont Analysis You are considering investing in Dakota's Security Services. Procter &Gamble promoted the novel at beinggirl.com Web site in exchange for the mention. The subjectively determined maximum amount a customer would pay for a product is its ______ price. Due to increasing salaries in several other industries that partner with energy companies, the Rap star Xzibit has signed an endorsement deal with athletic footwear manufacturer Dada to produce shoes. If a firm has more than one source which they take funds from, we need to take a weighted average of the cost of capital ($3814 million) as well as the book value of debt Book Value Of Debt The book value of debt is the total amount the company owes, which is recorded in the company's books. The auditor should consider the nature, extent, and timing of the work to be performed and should prepare a WebStudy with Quizlet and memorize flashcards containing terms like Promotion, Promotion Mix, Advertising and more. The manufacturer of Topik considers this group to be its: The dispensing of controlled substances has divided patients, doctors, pharmacists and law enforcement agencies as they strive to create a balance between treating legitimate chronic pain and keeping powerful pain meds out of the hands of abusers. Managers, analysts, and investors need to note the timing of these fund flows when performing cross-sectional analysis. What is the difference between the internal growth rate and the sustainable growth rate? b. Albert then multiplies that number by the total number of builders in the territory. Asset Management and Debt Management Ratios Use the following information to complete the following balance sheet. But liquid assets generate little, if any, profits for the firm. XYZ Company has $20,000 of dividends in arrears. Web6. Which of the following forecasting methods is least dependent on historical sales data? $$ saves by the same percentage as her salary increases. important? Given these facts, the date of November 30, 2014, is referred to as the, The effect of the declaration of a cash dividend by the board of directors is to. Web$460,000 = Total purchase cost + $20,000 $40,000 $80,000. A) It produces hundreds of products for a wide range of markets. Estimating the cost of entering a market and focusing on a specific target segment is important because, 113. D. None of these is true., Economic growth means: A. healthier citizens. E. net income minus the Cross-sectional analysis gives the manager a comparison of one firm's ratios relative to the ratios of other firms in the industry. False If an individual's cost of capital were 10%, he/she would prefer to receive $107 at The lists do not show all contributions to every state ballot measure, or each independent expenditure committee The manufacturer considers its potential market to be blue-collar workers who earn less than $30,000 per year, are divorced, and who like to think of themselves as weekend athletes. E) Most of its business comes from commercial Zero. A firm has a debt ratio of 20 percent. An Inc. stipulates the exact number of shares the corporation is willing to authorize. A firm's sustainable growth depends on four factors: (1) the profit margin (operating efficiency), (2) the total asset turnover (efficiency in asset use), (3) financial leverage (the use of debt versus equity to finance assets), and (4) profit retention (reinvestment of net income into the firm rather than paying it out as dividends). $23,500 C. $20,750 D. $23,750. =TOTAL ASSETS/TOTAL OR TOTAL ASSETS/COMMON STOCKHOLDERS EQUITY, What is cross-sectional analysis of a firm's operations. McDonald's uses a segmentation strategy for its sandwiches based on market characteristics such as age, gender, or income. WebChapters 1, 2, 20, and 3 Learn with flashcards, games, and more for free. Which of the following would not be true of a privately held corporation? This presentation of ROA and ROE allows managers, analysts, and investors to look at the return on assets and return on equity as a function of the net profit margin (profit per dollar of sales from the income statement), total asset turnover (efficiency in the use of assets from the balance sheet), and the equity multiplier (financial leverage from the balance sheet). A petty cash receipt will have a signature line for the person receiving a disbursement from the fund. Calculate the total amount of credits for the trial balance. The change will not affect sales or total assets; however, it will reduce the firm's profit margin to 11 percent. In the newspaper comics, Cathy is often seen talking to a department store clerk who is trying to persuade her that she needs to buy a new wardrobe. Web(a) Contracts resulting from sealed bidding shall be firm-fixed-price contracts or fixed-price contracts with economic price adjustment. D) Most of its business comes from final consumers. WebProp 30 is supported by a coalition including CalFire Firefighters, the American Lung Association, environmental organizations, electrical workers and businesses that want to improve Californias air quality by fighting and preventing The biggest disadvantage of television advertising is cost. However, if performance comes from a high degree of financial leverage, a high ROE can indicate a firm with an unacceptably high level of bankruptcy risk as well. WebAccording to the foundation's Workplace Surveillance Project the low cost of snooping technology is the main reason why employers are employing a _____approach to management. from multiple internal and external performance metrics. (. Managers and investors often use PE ratios to evaluate the relative financial performance of the firm's stock. Agency cost analysis. A student takes a census of her statistics class and finds that of the 120 students in the class, 25 were born in winter, 35 in spring, 32 in summer, and 28 in fall. Each piece of furniture he makes is unique. \hline \text { Salary } 2008 & \text { Salary } 2010 \\ Which sales forecasting technique is Katy using? They estimated that $200 would be needed in the fund. D. dividends paid minus net new equity raised. Prepare a Trial Balance to verify that the accounting system is in balancetotal debits should equal total credits. B. operating cash flow minus cash flow to creditors. WebStudy with Quizlet and memorize flashcards containing terms like FA, FA, FA and more. At great places to work, staff value developing their job expertise, actively support teamwork, are passionate about providing quality service, and are not afraid to take risks and try innovative approaches. Analyzing ratio trends over time, along with absolute ratio levels, gives managers, analysts, and investors information about whether a firm's financial condition is improving or deteriorating. For a product that has a large economic value, a firm can choose to charge the same price as competitors in order to ______. What amount does Hansen stand to lose? Which of the following is not a requirement or characteristic of a market? In an effort to forecast his firm's sales for the coming year, Henry Thompson takes sales for the last three years and calculates a growth trend. When using personality characteristics as a market segmentation variable, marketers generally, The psychographic variable that includes numerous characteristics related to people's activities, interests, and opinion is, If a company segments its market on the basis of their reasons for purchasing a particular product, the primary segmentation variable in use is. 100,000 The firm had total assets of $9.5 million at year-end 2018. B) It has an entertainment division. Tiffany's markets its exclusive jewelry and gifts to high-income individuals interested in high-quality products and a well-known brand name. C. the ratio of the prices of imported goods to the prices of exported goods. The change is expected to increase credit sales by 5 percent. Organizations today are taking a greatly reduced role in helping employees balance their work responsibilities and their personal obligations than they did in the past. WebStudy with Quizlet and memorize flashcards containing terms like Business Cycles, Capital, Imagine the following: New sources of energy have become marketable and the industries involved have hired thousands to operate the emergence of new businesses. What information do time series and cross-sectional analyses provide for firm managers, analysts, and investors? Employee ownership creates too much stress and is a poor motivator. b. Identify the bank reconciliation items that would require adjustments to the book balance. What are retention rates and internal and sustainable growth rates? Cosmopolitan magazine, Secret deodorant, and Eve cigarettes are all products whose marketers have used segmentation based on, A marketer that targets customers based on marital status and the presence and age of children is using. For example, management wants to find out if the older girls will be interested in their birthday party and tea party services. Explain why many of these ratios are mirror images of one another. _____ is something that prompts an individual to release his or her energy in a certain direction. WebThe information is filed in a 10-K report., In general, a firm generates _____ when its cost of capital is lower than its ROIC. Assuming that the citizens of Anytown enjoy the lighting display, the request for donations suggests that: A negative externality or spillover cost occurs when: Credit bureaus provide credit histories to banks and insurance companies, in order to help deal with the problem of: Refer to the graph above. The value that a consumer places on a good can vary according to how the consumer feels at a particular moment. b. Sales are $8.8 million, capital intensity ratio is 2.10 times, debt ratio is 55 percent, and fixed asset turnover is 1.2 times. d. The petty cashier is responsible for making payments from the petty cash fund. What is Roxie's Bed & Breakfast's book value per share and earnings per share? LaTonya's Flop Shops has no preferred stock outstanding. One of the keys to successful production planning is resource management. Darcy likes to play her music loudly down the hall, and Rachel finds the music annoying. The 2018 year-end balance sheet listed total assets of $52.5 million and common stockholders' equity of $21 million with 2 million shares outstanding. e) crude birth rate. WebStudy with Quizlet and memorize flashcards containing terms like In which of the following ways is GE like most other large companies? Which of these statements is not true about business markets? The goal of his promotion was most likely to: Independent wholesalers that buy goods from manufacturers on their own account and then resell them to other businesses are: Information Technology Project Management: Providing Measurable Organizational Value, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine. WebJason Hansen has invested $600,000 in a privately held family corporation. WebProp 30 is supported by a coalition including CalFire Firefighters, the American Lung Association, environmental organizations, electrical workers and businesses that want to improve Californias air quality by fighting and preventing Investment and funds \ Researchers in the laboratory randomly procure bags of mix and check the mix for consistency, composition, texture, and taste. When markets are comprised of people with differing product needs, the marketing manager should use a(n) ___________ strategy. A lighted parking lot near Building 1 has improvements (Land Improvements 1) valued at$408,100 that are expected to last another 14 years with no salvage value. Retail-site location analyses, unique product offerings, and special advertising campaigns are all examples of the use of. Management is utilizing the concept of job _____ in training Li. He arrives at work at 7 a.m. and goes home at 3 p.m. One of Nielsen's co-workers who performs the same job as he does arrives at work at 10 a.m. and goes home at 6 p.m. Review the items below and determine which would cause an increase in the monthly bank statement balance. b) life data rate. (5) Large firms often have multiple divisions or business units engaged in different lines of business. Which of the following is NOT a typical task performed by a supply chain manager? WebOpportunity cost is best defined as: A. the monetary price of any productive resource. Lil' Angels offers its services only to girls under the age of 14. Often, the Delphi technique is used in conjunction with an expert forecasting survey. Which of the following is the appropriate general journal entry to record the declaration of cash dividends? The Library is a new bar in town. ** Prepare a table with the following column headings: Land, Building 2, Building 3, Land Improvements 1, and Land Improvements 2. A firm has an average collection period of 10 days. Crown Holdings Inc. manufactures a high-resolution, full color digital inkjet printed cans that allows smaller beverage producers to label the cans as they are needed to be filled rather than keeping a stock of preprinted cans. $$ Why? C & H will most likely use a(n) ___________ approach in defining a target market. b. Economies of scale is the cost advantage that arises with increased output of a product. Alli segments its diet pills based on those who have morning cravings, those who tend to overeat near the end of the day, those who need all day long appetite suppression, and those who want appetite control and more energy. RATIOS THAT SHOW THE COMBINED EFFECT OF LIQUIDITY, ASSET MANAGEMENT, AND DEBT MANAGEMENT ON THE FIRM'S OVERALL OPERATING RESULTS. Mutual respect is the interpersonal chemistry that produces a collegial environment that inspires excellence at great places to work." A portion of the data is shown in the accompanying table. The firm has a profit margin of 8 percent, total assets of $42 million, a total asset turnover of 0.75, no preferred stock, and 3 million shares of common stock outstanding. Disney World is the epitome of customer service and empowerment. D) increase the proportion of criterion variance accounted for., HPC Manufacturing has applicants Which of the following are considered off-balance sheet items? They are both common scheduling tools for complex situations. Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Carl S Warren, James M Reeve, Jonathan E. Duchac. The forecasting techniques that assume past sales patterns will continue into the future are all variations of, 137. Cash that is restricted in some way and not available for current use usually is reported as The major asset management ratios are the inventory turnover, the days' sales in inventory, the accounts receivable turnover, the average collection period (ACP), the accounts payable turnover, the average payment period (APP), the fixed asset turnover, the sales to working capital, the total asset turnover, and the capital intensity. Alpine Ski Shops U.S, is looking for new markets. End use, price sensitivity, and brand loyalty are all _____ variables that can be used in market segmentation. When Richard Hall and Alan Deardorff called lobbying a form of "legislative subsidy," they were referring to the $\underline{\phantom{\text{justtext}}}$ When stock is issued in exchange for a noncash asset, the value recorded for the shares issued is best determined by. Kelly's Kids is using _____ variables to segment its market. The relative performance is evaluated using standardized financial metrics. In which stage of the product life cycle are you most likely to find the manufacturer using a line extension strategy? After an organization has determined which of the many segmentation variables it will use, the next step in the target market selection process is. How do each of these equations help to explain firm performance and pinpoint areas for improvement? How many outstanding shares of Luminarium Corporation are there? To determine the value of a good in the eyes of consumers, a firm can ______. When firms do well, financial leverage creates more cash flows to share with stockholdersit magnifies the return to the stockholders of the firm. If PepsiCo and Coca-Cola use celebrities to challenge the taste of the other firm's cola, this is referred to as ___________ positioning. Presented below are selected financial statement items for Preacher Corporation for December 31, 2014. The five P's are product, promotion, price, people and possession. $$ The firm has total assets of $50 million, debt ratio of 65 percent, no preferred stock, and 3 million shares of common stock outstanding. WebStudy with Quizlet and memorize flashcards containing terms like When a firm buys land on which there is a building, and the building is torn down so that an appropriate new building can be constructed on the land: - any of the purchase cost allocated to the old building is reported as a loss. Profitability Ratios In 2018, Jake's Jamming Music, Inc., announced an ROA of 8.56 percent, ROE of 14.5 percent, and profit margin of 20.5 percent. Further, higher PE ratios carry greater risk because investors are willing to pay higher prices today for a stock in anticipation of higher earnings in the future. The change is expected to increase credit sales by 5 percent. Which of the following statements regarding the date of a cash dividend declaration is not accurate? Current Ratio = Current Assets / Current Liabilities. $23,500 C. $20,750 D. $23,750. D. Financial allocation. The seller and the buyer finally agreed to a purchase price of $203,500 with the closing to occur on June 15. The firm's accounting profitability, ability to create shareholder value, and ability to generate economic value tend to be ______. Distribution channels reduce the number of transactions needed to get the product from the manufacturer to the consumer. If Campbell were to offer single serving "Soup for One" packages to small household markets, it would be using segmentation based on. WebStudy with Quizlet and memorize flashcards containing terms like 1) What is the first step in the strategic management process? \end{array} B. the amount of labor that must be used to produce one unit of any product. This example represents a problem with: Starcrest Publishing is one of many companies who will take demographic information about your child and publish a story written about that child. E. Working capital management., Which one of the following correctly defines the upward chain of Does a firm generally want to have high or low values for each of these ratios? The seller and the buyer finally agreed to a purchase price of $203,500 with the closing to occur on June 15. Which of the following would be an example of government intervention to correct a market failure caused by buyers having inadequate information about sellers? The Theory Z approach emphasizes long-term employment. Economic value created is the ______ the cost to produce a product/service and the amount the buyer is willing to pay for it. Which of the following is an example of an advertising medium? The industry average ACP is 25 days. 96. This is an example of how a beverage company could use: A listing of the components and the number of each required to make the product is called the bill of lading. After standardized preparation, the meat is tailored to meet individual needs and desires. When selecting specific target markets, a firm should, 117. How can the DuPont system of analysis help the firm's managers identify the reasons for this difference? At three-month intervals, at staff meetings, the names of those who have not missed work that quarter are announced. Supervision b. Debt Management Ratios You are considering a stock investment in one of two firms (LotsofDebt, Inc., and LotsofEquity, Inc.), both of which operate in the same industry. c) natural increase rate. Marketers for C & H Sugar believe that consumers have similar needs for the product. Building 2 will be a company office; it is appraised at$641,300, with a useful life of 20 years and an $80,000 salvage value. What is Nikki T's ROE for 2018? The three most commonly used psychographic segmentation variables are. c) choose all segments that are determined to be profitable for the organization. What would be the most likely goal for an advertising campaign for this international organization? Annie's is considering loosening its credit policy such that ACP will increase to 35 days. Any change in accounts receivable will be offset with a change in debt. The quick ratio measures the dollars of more liquid assets (cash and marketable securities and accounts receivable) available to pay each dollar of current liabilities. d) maternal birth rate. When Clorox targets heavy users of bleach, it is using volume segmentation. and more. What type of targeting strategy is the ProMark Company using? The Yellow Buttercup Law Firm prepays for advertising in the local newspaper. Personal selling, advertising, public relations, and sales promotions are decisions made when planning the _____ strategy. DuPont Analysis Last year, Stumble-on-Inn, Inc., reported an ROE of 18 percent. Microsoft pleaded for its deal on the day of the Phase 2 decision last month, but now the gloves are well and truly off. However, financial leverage also increases the firm's potential for financial distress and even failure. **c.** means by which lobbyists pay congressmen for their support Sun-Like, Inc. lists the price of its Sure-Tan Lamp as $47.49. - the cost assigned to the land excludes the cost of the old building. But just as has been the case previously in this chapter, high profitability ratio levels may result from poor management in other areas of the firm as much as superior financial management. a. The decision to offer this new packaging was made as part of the _____ strategy. 76. Asymmetric information occurs when the two parties in a market transaction do not have the same amount of information regarding the product or process involved in the transaction. Which of the following statements is not true about a 2-for-1 stock split? Accounting data are historical and therefore backward-looking. a. Describe the four types of legacies and provide examples of each. Which of the following statements is not considered a disadvantage of the corporate form of organization? The primary business segmentation variable in this example is, 100. The firm's debt ratio was 55 percent, sales were $15 million, and the capital intensity was 1.25 times. Common stock 20,000 He is responsible for the transportation of metal components, preformed plastic, etc. Since their market is based mainly on access to snow, they would most likely use which base for segmentation? D) Most of its business comes from final consumers. Cash will be debited by $50 for the interest earned. B. is almost equal in size to the entire population of the United States. Apply lower of cost or market to each inventory item, as shown in the ninth exhibit shown in the chapter. Abercrombie & Fitch operate: The brand name Cover Girl appeared in a young adult novel called Cathy's Book: If Found Call (650) 266-8233. and that her money will earn 5 percent per year. Recall the preparation of a bank reconciliation by selecting the correct items below. d. The petty cashier is responsible for making payments from the petty cash fund. c. It allows real wages to fall without cuts in nominal wages. The _____ offered was not enough to convince DaimlerChrysler that the Georgia site was a good location for its factory. The legal owners of publicly traded companies are called ______. A continuous production process has all of the following characteristics EXCEPT: _____ is a production technique that uses small, self-contained work stations and has each perform all or most of the tasks necessary to complete a manufacturing order. What is Dogs R Us's internal growth rate? (Check all that apply.). The HHI for audio equipment makers is 464 and $31,750 B. American Pet Pro is a(n) _____ wholesaler. At Children's Hospital in Denver, good attendance is encouraged by recognizing staff members who have not missed work in the previous three months. The industry average ROE is 12 percent. Finding a place to live in Mumbai, India, has been getting harder these days for people who are not vegetarians. (LG3-1 through LG3-5)Current ratio = 2.5 timesProfit margin = 10%Sales = $1,200mROE = 20%Long-term debt to long-term debt and equity = 55%, Ratio Analysis Use the following information to complete the balance sheet below. _____ is responsible for identifying the Theory Z style of management. Which of the following is not a significant date with respect to dividends? If a company extends a line of products by introducing a new product to the market, and the firm does not distinctly position this product (i.e., separately from the other products in the line), the result could be, 125. A knowledge-based work force is qualitatively different from a skills-based work force. Thus, a firm's current and potential debt holders (and even stockholders) look at equity financing as a safety cushion that can absorb fluctuations in the firm's earnings and asset values and guarantee debt service payments. d. $400,000. The process of creating quality standards and measuring finished goods and services against standards is called: Levi Strauss was strongly praised when it announced it was leaving China in 1993 because of the country's poor human rights record. Calculate the adjusted cash balance per the books of XYZ Co. given the following information. The fourfirm concentration ratio for audio equipment makers is 30 and for | Rhode Island | $1,050,000$ | $4$ | _____ is the expansion of the number of tasks and variety of tasks performed by a worker. A widely used system for classifying individuals on the basis of lifestyle is. WebStudy with Quizlet and memorize flashcards containing terms like Promotion, Promotion Mix, Advertising and more. | Cost of new land improvements (Land Improvements 2) near Building 2 having a 20-year useful life and no salvage value | 158,000 | Jan Carlzon, former president of Scandinavian Airlines (SAS), has said that one of the greatest fears executives have is that employees will "give away the store" to satisfy complaining customers. WebThe information is filed in a 10-K report., In general, a firm generates _____ when its cost of capital is lower than its ROIC. Which of the following is a current trend in production and operations management? | | | | Long-term debt | $44,000 |$39,000 | Most of the nine staff members at the three-physician surgical group are trained to handle three job functions. Allocate the costs incurred by Keona to the appropriate columns and total each column (round percents to the nearest 1%). $$. Company sales forecasts are least likely to be based on, 132. Suppose consumers do not fully appreciate the benefits of the product whose market shown in the graph. If the firm's total debt at year-end was $25 million, how much equity does Tiggie's have on its balance sheet? The amount of product a company expects to sell during a specific period at a specified level of marketing activity is called the, 128. Unlike the other bars in town, it charges no cover charge. Justin Franklin's company is interested in locating areas where the average income is high, the average age range is 25-35 years, and the lifestyles of the people involve extreme adventures and dangerous leisure activities. These in-home parties typically cater to families with small children and middle- to upper-middle-class income. According to the efficient-market hypothesis, information about which of the following is embedded in a stock price? A corporate board of directors does not generally, The officer that is generally responsible for maintaining the cash position of the corporation is the, The ability of a corporation to obtain capital is. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time. The major profitability ratios are the gross profit margin, operating profit margin, profit margin, the basic earnings power, the return on assets (ROA), the return on equity (ROE), and the dividend payout. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. (Consider This) Suppose that a large tree on Betty's property is blocking Chuck's view of the lake below. According to a recent American Accounting Association poll, 23% of students who major in accounting and graduate choose public accounting. Employees are thoroughly trained and then told that they have the authority to do whatever is necessary to deal with problems on the spot in order to make customers happy. his desire to experience what it was like to be a Civil War soldier. Then the Chinese (or sometimes the American companies) hire Lakota Express, a company that uses Native Americans who live on a reservation in South Dakota to pick up the slack and to vet the often imperfect work. Microsoft pleaded for its deal on the day of the Phase 2 decision last month, but now the gloves are well and truly off. WebThe total number of live births per year per 1,000 people in a society is known as the a) total fertility rate. All sales are on credit. If the firm has a bad year and cannot make promised debt payments, debt holders can force the firm into bankruptcy. Cash received from issuing bonds payable 40,000 In this instance, Sara Lee is using which forecasting method? WebA Trial Balance is also referred to as an unadjusted Trial Balance because it is prepared before adjustments. The auditor should consider the nature, extent, and timing of the work to be performed and should prepare a The firm's debt-to-equity was 1.50 times, sales were $20 million, the capital intensity was 1.25 times, and dividends paid to common stockholders were $1,000,000. When a business has a relatively small number of customers, a preferred method of forecasting is, 133. This illustrates the problem of: (Consider This) Darcy and Rachel live down the hall from each other in the same dorm. | Alaska | $731,000$ | $3$ | Under the corporate form of business organization, Stockholders of a corporation directly elect, Those most responsible for the major policy decisions of a corporation are the, The chief accounting officer in a company is known as the. The clerk is engaged in: _____ is the breaking down of large shipments of similar merchandise into smaller, more usable quantities that can be sold to consumers and end users. c) How many degrees of freedom does the $\chi^2$ statistic have? A) It produces hundreds of products for a wide range of markets. WebStudy with Quizlet and memorize flashcards containing terms like Using multiple tests in a selection battery will likely: A) decrease the coefficient of determination. Dada hopes Xzibit will act as a(n) _____ and influence consumers to buy the shoes. The declaration and distribution of a stock dividend will, The declaration of a small stock dividend will, Daniel F Viele, David H Marshall, Wayne W McManus, Don Herrmann, J. David Spiceland, Wayne Thomas, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Solve the Problem and draw graph. (3) A firm's cross-sectional competitors may often be located around the world; financial statements for firms based outside the U.S. do not necessarily conform to GAAP. Which of the following is NOT a characteristic of an intermittent process? Calculate Ramakrishnan, Inc.'s, current ratio, quick ratio, and cash ratio for 2018 and 2017. | New plant and equipment | $326,456 |$357,560 |  Total | $310,234 |$352,735 | A MESSAGE FROM QUALCOMM Every great tech product that you rely on each day, from the smartphone in your pocket to your music streaming service and navigational system in the car, shares one important thing: part of its innovative design is protected by intellectual property (IP) laws. If no-par stock is issued without a stated value, then, If a stockholder cannot attend a stockholders' meeting, he may delegate his voting rights by means of a(n), The term residual claim refers to a stockholders' right to. When a company is introducing a new brand in a market where it already has one or more brands, which type of product positioning is most likely to be used? __________ describe the similarities among potential customers within a market segment and explain the differences among people in different market segments. The two types of distribution channels are: Compassion International is a nonprofit organization dedicated to releasing poor children from spiritual, economic, social and physical poverty. measure how efficiently a firm uses its assets (inventory, accounts receivable, and fixed assets), as well as its accounts payable, THE AMOUNT OF DEBT VERSUS EQUITY FINANCING HELD ON THE BALANCE SHEET, dividing all balance sheet amounts by total assets and all income statement amounts by net sales, analyzing the performance of a firm against one or more companies in the same industry. On January 1, the law firm paid $4,500 for five months of advertising. 88. Which group of new segmentation variables will Bluetooth now be using? The acquisition of treasury stock by a corporation, Treasury stock should be reported in the financial statements of a corporation as a(n), A company would not acquire treasury stock, The number of shares of issued stock equals, Treasury shares plus outstanding shares equal. The following selected amounts are available for Thomas Company. In the context of marketing, cannibalization means, 126. Georges is involved in: A face-to-face sales presentation of a good or service to a prospective customer is called: The owner of Mercury Appraisal Company held a ribbon-cutting event when he opened his new business. DuPont Analysis If Silas 4-Wheeler, Inc., has an ROE of 18 percent, equity multiplier of 2, and a profit margin of 18.75 percent, what is the total asset turnover and the capital intensity? Web$460,000 = Total purchase cost + $20,000 $40,000 $80,000. c. The $600,000 plus any personal assets the creditors demand. | :--- | :---: | :---: | The franchising of fast-food restaurants would be an example of how a private business: When the government bails out failing banks, it creates a moral hazard problem; but when the government bails out homeowners who are defaulting, there is no moral hazard problem. Stock dividends and stock splits have the following effects on retained earnings: Of the four dividends types, the two most common types in practice are. estimate the economic value created for all products and services offered by the firm, Achieving competitive advantage means maximizing the difference between which of the following? DaimlerChrysler decided not to build a $750 million plant in southeast Georgia in spite of the state spending $24 million to purchase the property and an additional $36 million to prepare the site specifically for DaimlerChrysler. The taxes for the year in the amount of $2,500 have not been paid by the seller. Audit procedures c. Directing d. Planning, 2. Cash equivalent \ False If an individual's cost of capital were 10%, he/she would prefer to receive $107 at =EARNINGS AVAILABLE TO MEET FIXED CHARGES/FIXED. 75. This year, K9 WebbWear plans to increase its debt ratio to 60 percent. WebStudy with Quizlet and memorize flashcards containing terms like When critics of unemployment insurance claim that some of the unemployed are not exerting much effort to find jobs because of the unemployment benefits, they are referring to the moral hazard problem. (2) Firms use different accounting procedures. C. dividends paid plus the change in retained earnings. Which of the following statements about the disadvantages of the value creation perspective are correct? Generally, a high ROE is considered to be a positive sign of firm performance. Liquidity Ratios Brenda's Bar and Grill has current liabilities of $15 million. In the production of corn meal for baking, corn is ground. (Taxes are paid in arrears). (LG3-1 through LG3-5), For each of the following actions, determine what would happen to the current ratio. 108. Explain why the finite population correction $\sqrt{(N-n)/N}$ is unnecessary when the sample size is less than $5$ percent of the population size. Supply chain management plays a dual role. satisfies customer wants and needs legally and responsibly. she is 60 years old? Many rock and roll fans believe that Jimi Hendrix was the best guitarist ever and that he stretched his ability to the utmost. Cash paid to suppliers 154,000 WebChapters 1, 2, 20, and 3 Learn with flashcards, games, and more for free. 3M Consumer Healthcare has introduced a "Home 'n Go Pack" packaging concept that organizes each of its bandage offerings into a separate plastic pouch within the bandage box. Ratio Analysis Use the following information to complete the balance sheet below. WebThe total number of live births per year per 1,000 people in a society is known as the a) total fertility rate. WebStudy with Quizlet and memorize flashcards containing terms like When a firm buys land on which there is a building, and the building is torn down so that an appropriate new building can be constructed on the land: - any of the purchase cost allocated to the old building is reported as a loss. Equity theory is a theory of motivation that focuses on the link between motivation and organizational culture. The board of directors of Yancey Company declared a cash dividend of $1.50 per share on 42,000 shares of common stock on July 15, 2014. A recent convention discussed the development of a viable ______ strategy for pain medications. Which one of the following is not an ownership right of a stockholder in a corporation? D. Financial allocation. BMW is planning to build a large plant where it can manufacture thousands of identical carbon fiber parts and then distribute these parts to its automobile manufacturing plants for incorporation into BMW vehicles. Plan a presentation to convince a local firm to sponsor a community activity in your neighborhood. This sort of company downsizing often leads to: Maslow's hierarchy of needs is a motivation theory. WebStudy with Quizlet and memorize flashcards containing terms like The middle class in China: A. outnumbers the entire population of the United States. Calculate the PE ratio for Leonatti Labs. B. operating cash flow minus cash flow to creditors. WebStudy with Quizlet and memorize flashcards containing terms like Using multiple tests in a selection battery will likely: A) decrease the coefficient of determination. Through marketing newsprint to newspaper publishers and glass manufacturers that use it in packing, International Paper segments its market based on, 99. In January 2011, Keona Co. pays $2,800,000 for a tract of land with two buildings on it. You have been able to locate the following information on the firm: Total assets are $32 million, accounts receivable are $4.4 million, ACP is 25 days, net income is $4.66 million, and debt-to-equity is 1.2 times. WebStudy with Quizlet and memorize flashcards containing terms like Using multiple tests in a selection battery will likely: A) decrease the coefficient of determination. (Taxes are paid in arrears). He only makes one piece of furniture at a time. These needs are called _____ needs. _____ is the combining of natural resources, human resources, and capital to produce goods and services. Manufacturing resource planning II (MRPII): _____ is the management of the production conversion process for both goods and services. | | **2014** | **2015** | | **2014** | **2015** | Generally, the higher the market-to-book and PE ratios, the better the firm's performance. Spreading the Financial Statements Spread the balance sheets and income statements of Lake of Egypt Marina, Inc., for 2018 and 2017. _____ is the division of markets into different groups. Describe the internal control principle of separating recordkeeping from custody of assets by completing the following sentence. The common stock's market price per share was $9.00. Internal Growth Rate Last year, Marly Brown, Inc., reported an ROE of 20 percent. Cash at beginning of period 11,000 Calculate the gross profit margin, operating profit margin, profit margin, basic earnings power, ROA, ROE, and dividend payout. will be spending $22 million on marketing activities next year and expects to sell 30 million pairs of jeans. a. | | | | Owner's equity | | | The development of a general strategy and a detailed approach for the expected nature, timing, and extent of audit refers to: a. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time. They can be individuals or organizations. Which of the following statements concerning taxation is accurate? D. the amount of one product that must be given up to produce one more unit of another product. Zero. \begin{array}{|c|c|} Consider that we pick 15 recent graduates as our sample. These 30 million pairs represent the company's, 127. | | | | JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets | | | Which of the following products is most likely to be marketed, using an undifferentiated approach? 93. Which of the following represents the largest number of common shares? a. Yvonne and Garret are looking at information about how their organization's products could fit potential customers' needs. Population density and city size are _______ variables used for market segmentation. _____ is the number of different target consumers who are exposed to a commercial at least once during a specific period, usually four weeks. 70. From this statement, it would appear that Carlzon was opposed to: When nurses at Children's Memorial Medical Center were asked what makes a great place to work. 74. This is called: Because Straube Electronics has decided to buy terminal switches instead of producing them, Straube has made a make-or-buy decision. B. Once Pete Jazoni's work group was selected for special attention by the management consultants, the work group's production output nearly doubled. Who is likely to complain the most in each case? Based on this information, the, The amount of stock that may be issued according to the corporation's charter is referred to as the, If Lantz Company issues 5,000 shares of $5 par value common stock for $210,000, the account, If common stock is issued for an amount greater than par value, the excess should be credited to, The Paid-in Capital in Excess of Par Value is increased in the accounting records when. You have been able to locate the following information on the firm: Total assets are $40 million, accounts receivable are $6.0 million, ACP is 30 days, net income is $4.75 million, debt-to-equity is 1.5 times, and dividend payout ratio is 45 percent. \hline \vdots & \vdots \\ This manager is using a _________ approach to estimating sales potential. What do Gantt charts and PERT charts have in common? The firm has no preferred stock outstanding. d) maternal birth rate. The major objective is to, 136. Public relations is the term used for any communication or activity designed to win goodwill or prestige for a company or person. Tiffany's uses a(n) ______ strategy. When selecting specific target markets, a firm should a) revert to an undifferentiated approach if the market is deemed heterogeneous. \hline B. is almost equal in size to the entire population of the United States. Many singers who have not been discovered are as talented or more so than some of the best-known musical artists. Production and operations management involves three main types of decisions that are made at three different stages. WebStudy with Quizlet and memorize flashcards containing terms like Economies of scale, Economies of scale are the cost advantage from business expansion. It is mandatory for every corporation to have stock. The belief behind employee ownership is the idea that it will: cause employees to act more like partners than clock watchers. d. It would be costly to reduce inflation to zero. Web6. Jason Hansen has invested $600,000 in a privately held family corporation. 130. D. the amount of one product that must be given up to produce one more unit of another product. What is the internal growth rate? If an investment firm underwrites a stock issue, the, The term legal capital is a descriptive term for, A corporation has the following account balances: Common Stock, $1 par value, $80,000; Paid-in Capital in Excess of Par Value, $2,700,000. The corporation does not do well and must declare bankruptcy. 92. B) decrease the validity coefficient. |  Inventory | 51,163 | 56,295 |   Total | $62,939 |$66,442 | A Trial Balance lists each account and the account balance at the end of the accounting period. WebAt its profit-maximizing output, this firm's price will exceed its marginal cost by ____ and its average total cost by $30; $20.50 Refer to the above data for a nondiscriminating monopolist. Using this information, calculate Rick's ROA, Market Value Ratios Leonatti Labs' year-end price on its common stock is $35. All sales are on credit. False If an individual's cost of capital were 10%, he/she would prefer to receive $107 at ***Required*** Prepare a Trial Balance to verify that the accounting system is in balancetotal debits should equal total credits. Understanding that 22 percent of the population buys 84 percent of the cereal products would be useful if cereal manufacturers wanted to segment its market according to: The marketing concept emphasizes a consumer orientation. That is, it wants to turn inventory over as quickly as possible. | Total assets | **$417,713** | **$458,177** | Total liabilities and owner's equity | **$417,173** | **$458,177** | When Gene O'Hare went online to plan his vacation to Australia, he learned that he could buy plane tickets, rent a car, and pay for a hotel in a reduced-price tourist package, which made it very convenient for him to book his trip. Cash received from customers 162,000 d) maternal birth rate. Its first role is as a communicator of customer demand that extends from the point of sale all the way back to the supplier. Hans Guten makes furniture according to the specifications of the customer who ordered it. An example of a convenience product is a: Topik is a product that is sprayed on thinning hair and makes the hair appear thicker. Because those who put up lights are unable to charge others to view them, they don't put up as many lights as people would like. 97. c) choose all segments that are determined to be profitable for the organization. _____ is the process of separating, identifying, and evaluating the layers of a market to design a marketing mix. B) decrease the validity coefficient. B. Debit Cash $100; debit Cash Over and Short $2; and credit Sales $102. Microsoft pleaded for its deal on the day of the Phase 2 decision last month, but now the gloves are well and truly off. Which of the following are among the most commonly used metrics for comparing the performance of different companies? You have been able to locate the following information on the firm: Total assets are $40 million, accounts receivable are $6.0 million, ACP is 30 days, net income is $4.75 million, debt-to-equity is 1.5 times, and dividend payout ratio is 45 percent. WebStudy with Quizlet and memorize flashcards containing terms like In which of the following ways is GE like most other large companies? A check is drawn by the company cashier to establish the petty cash fund. Calculate the net income and profit margin for K9 WebbWear last year. By how much will the change in K9 WebbWear's debt ratio affect its ROE? WebThe government estimates the total budget cost of spending measures taken in response to the pandemic at DZD 238 bn for 2020 and the first four months of 2021. 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