77) All of the following are commonly used HR metrics EXCEPT ________. $\hspace{5pt}19$. Which of the following refers to an analysis by which an organization measures where it currently stands and determines what it has to accomplish to improve its HR functions? Phases B. Milestones C. Estimates D. Activities, Marcy, the project manager for the ERP Project, is about to complete the Project Phase Review. The production orientation makes sense in developing countries where the main objective is to make products available to the maximum number of consumers at the lowest prices. The government wants to encourage buyers to buy such furniture and imposes a 3) A ________ statement indicates the firm's intended direction and evokes emotional feelings in organization members. Assets that you purchase for the purpose of accumulating wealth to satisfy your financial goals are called. Patty has $9,000 in monetary assets, annual living expenses of $36,000, a $12,000 car loan balance, and $45,000 in equity in her house. Which of the following determinants of customer satisfaction with online websites and merchants while shopping online is characterized by the merchant's ability to match purchase recommendations to one's needs and customize products and advertisements so the customer feels unique and valued? WebEUPOL COPPS (the EU Coordinating Office for Palestinian Police Support), mainly through these two sections, assists the Palestinian Authority in building its institutions, for a future Palestinian state, focused on security and justice sector reforms. A company is most likely to utilize the specific identification method if its inventory consists of: d. All of the above are reasons to utilize the specific identification method. Apr. Segmented income statements are prepared for each plant and for each product man. A $\$2,000$ bicycle is insured against theft for an annual premium of $\$170$. Suppose that Jacob's assets include a motorcycle worth $12,000 and a checking account with a $3,000 balance, while his liabilities include a credit card balance of $4,000 and a motorcycle loan balance of $7,000. Which type of control activities are designed to detect errors or fraud which have already occurred? Conversion costs were applied to 900 Style BB-01 units of production. WebStudy with Quizlet and memorize flashcards containing terms like An organization gains competitive advantage when it: A. lowers costs and decreases differentiation. What is the first step in the strategic management process? | 500-999 | $16.75$ | 400-799 | $16.85$ | True or False: The interest charge on your credit card statement should be listed on your personal income statement as a variable expense. With regard to ice cream, Gary is best described as a(n) ________. d. The company does not require the bank deposit slip to be compared to the accounting records if the employee who made the deposit has been an employee for at least five years. They have listed the following items from their most recent statements. True or False: Using financial ratios helps you quickly compare and analyze the raw data found in your personal income statement and balance sheet. Ryan runs a store that caters to athletes. Also during the year, customers are granted discounts, returns, and allowance of $20,000. The societal marketing concept advocates a short-term perspective in driving for increased market share and quick profits. A firm's functional strategies identify the broad activities that each ________ will pursue in order to help the firm accomplish its competitive goals. a. 59) In order to generate the desired workforce skills, competencies, and behaviors that a firm needs to achieve its strategic goals, human resource management must first develop ________. WebThe current ratio calculates a company's capacity and potential to settle short-term debts or short-term liabilities using short-term or current assets such as inventories, cash, and accounts receivable. High and/or increasing acid-test ratios generally indicate that a company is: experiencing solid top-line growth. What would the priorities likely be for this project? The components of internal control are built on the foundation of the ethical tone set by top management. b. 101) Which of the following is true of companies with high-performance HR systems compared to low-performance companies? The process and tools used to study consumer behavior are characterized by the term ________. A company must guard against a current ratio that is too high, especially if caused by idle cash, slow-paying customers, and/or slow-moving inventory. 103) Which of the following is NOT an organizational outcome discovered from studies conducted on employee engagement? Reinstated the account and recorded the cash receipt.\ During the month, 15 units were purchased for $11 each. When using absorption costing and explaining changes in operating income, financial statement users need to be aware of the changes in ___ levels. b. 5) A ________ lays out what a business strives to be while a ________ lays out what it should be now. (check all that apply). (1) Decrease, (2) Decrease, (3) Decrease. Of the four Ps of the marketing mix, promotion includes ________. This is an example of ________. Although beverage industry experts recommended that Sweet Leaf replace the organic cane sugar and honey it uses with less costly high-fructose corn syrup, Sweet Leaf refused because of the company's mission to provide a high-quality, organic beverage to consumers. Although beverage industry experts recommended that Sweet Leaf replace the organic cane sugar and honey it uses with less costly high-fructose corn syrup, Sweet Leaf refused because of the company's mission to provide a high-quality, organic beverage to consumers. On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 45-day note with a face amount of $150,000. True or False: Insolvency results from earning more than you spend. In tailoring the plan for a specific group of consumers based on their particular needs, Matt's Mobile Services has provided an example of ________. Are you in agreement or disagreement with the statement: "Democracy would be best served if campaigns were entirely supported by the small contributions of millions of American voters. Reduce Inventory Waste 4. Short-term investments that have a maturity date no longer than three months from the date of purchase. True or False: Having negative net income every once in a while is not such a bad thing as long as you have planned for it. Me-too products lack a unique image or benefit. b. Kareem has $6000 in monetary assets and $2000 in current liabilities. a. Which type of expenditure would probably be the hardest for an individual to track? In the RYAN'S RUNNERS MINI CASE, the process of dividing the athletic market into different subsets of shoe consumers, such as runners, basketball players, and golfers, is known as ________. Kevin's company owns a factory that can produce 1,000 widgets per week. Journey Inc. is a merchandiser which uses the perpetual inventory system. Product costs under absorption costing are: Fixed manufacturing overhead costs are expensed as units are sold as part of COGS under ____ costing, and expensed in full with period costs under ___ costing. 80) Which area of an HR audit is most likely being assessed by an HR specialist who is reviewing job descriptions and the employment status of current employees? They will pay off their car loan in three years, their gross household income is $5,700 per month, and they receive $95 per month in interest income from their investments. (Check all that apply). In your own words, redefine the meaning of "grassroots lobbying". 82) Which of the following terms refers to the quantitative measure of a human resource management yardstick such as employee turnover or qualified applicants per position? Mar. What would happen to your net worth if you sold a tangible asset you owned for $1,000 and used the money to pay off your credit card balance for $1,000? Technology enables marketers to do which of the following? Which of the following tools does Stan most likely use? \end{array} The first section of a balance sheet represents your, The purpose of using financial ratios is to. Which of the following is the final step in the strategic human resource management process? Matt's Mobile Services has designed a cell phone plan especially for tech-savvy teens who are heavy cell-phone users and live in households earning over $150,000 per year. \text{Mary Adams} & 1,675\\ This means that now customers ________. $$ WebStudy with Quizlet and memorize flashcards containing terms like the interest rate a company pays on loans outstanding depends on, the factors that affect worker productivity include, at the end of Year 10, going into Year 11, the company's production capability was and more. quickly converting receivables into cash, and. 69) Goals are initiated by the bottom level of an organization according to the hierarchy of goals approach to strategic planning. When an actual bad debt occurs, what effect does it have on the accounting equation? var s=iw[ce]('script');s.async='async';s.defer='defer';s.charset='utf-8';s.src=wp+"//jsc.mgid.com/t/a/tailieuvan.vn.243064.js?t="+D.getYear()+D.getMonth()+D.getUTCDate()+D.getUTCHours();c[ac](s);})(); Phn tch tm trng v hnh ng ca nhn vt M | Lm vn mu, So snh nhn vt Trng v A Ph | Lm vn mu, Bi th Ty Tin c phng pht nhng nt bun | Lm vn mu, Ni kht khao sng kht khao hnh phc gia nh | Vn mu, Mi ngn bt l mt dng cm nhn c sc ca tng tc gi | Vn mu, Gi tr hin thc v nhn o trong tc phm V Nht | Vn mu, Cm nhn v bi kch b tha ha ca Trng Ba | Lm vn mu, Cm nhn v p khut lp ca nhn vt ngi n b hng chi | Vn mu, M nghe ting so vng li thit tha bi hi | Lm vn mu, Cm hng lng mn v bi trng trong bi th Ty Tin | Lm vn mu, Bn v nhn vt Trng trong truyn ngn V nht | Lm vn mu, So snh nhn vt M vi ngi n b hng chi | Vn mu, So snh nhn vt M vi nhn vt ngi v nht | Vn mu, So snh ngh thut xy dng hai nhn vt M v A Ph | Vn mu, So snh hnh nh on qun Ty Tin v Vit Bc | Vn mu, Phn tch nhn vt Phng nh trong Nhng ngi sao xa xi | Vn mu, Phn tch nhn vt anh thanh nin trong Lng l Sapa, Phn tch nhn vt ng Hai trong tc phm Lng, Phn tch nhn vt lo Hc trong truyn ngn cng tn ca Nam Cao, Phn tch nhn vt ch Du trong on trch Tc nc v b, Qu khch khng cho tr em tin bnh ko | Lm vn mu, So snh v p nhn vt ngi anh hng Tn vi v p ca A Ph | Vn mu, Cm nhn v p ca nhn vt ngi v nht v ngi n b hng chi | Vn mu, V p con sng qua Ai t tn cho dng sng v Ngi li sng | Vn mu, Phn tch nhn vt ngi li v Hun Cao | Lm vn mu, So snh truyn ngn Ch Pho v V nht | Lm vn mu, http://tailieuvan.vn/essays-on-being-yourself. The Techron II costs $475,000, has a five-year life, and has pretax operating costs of$36,000 per year. Raj and his manager meet for lunch to jointly set Raj's quarterly sales goals. True or False: Commission-only planners charge fees and collect commissions on products they recommend. f(x)=\left\{\begin{array}{cc}{\frac{5}{x(x-2)}} & {\text { if } x \geq-1} \\ {5 x-1} & {\text { if } x<-1}\end{array}\right. The 11-year-old company has 50 employees, and its products are available in 30% of the U.S. market. WebGross margin is what you have left after paying for your cost of goods. In the consumer decision-making process, the ________ stage influences the consumer's recognition of a product need. Which of the following actions would INCREASE its current ratio? c. Cash 50,000 Accounts Receivable 50,000. 48) A business-level strategy is implemented by Pizza Hut, Domino's, Papa John's, and Little Caesar's in their competition with each other for pizza customers. The articles of incorporation allow for the issuance of 1 million shares of common stock. D. Selling, general, & They will pay off their car loan in three years, their gross household income is $3,800 per month, and they receive $75 per month in interest income from their investments. A statement that records where your money has come from and where it has gone over some period of time is called a(n). On April 6, the Bank of Algeria announced that it was easing solvency, liquidity and NPLs ratios for banks. var i=d[ce]('iframe');i[st][ds]=n;d[gi]("M331907ScriptRootC264917")[ac](i);try{var iw=i.contentWindow.document;iw.open();iw.writeln("");iw.close();var c=iw[b];} True or False: An emergency fund, or rainy-day fund, is comprised of liquid assets sufficient to cover 3.5 years of expenditures. What is his current ratio? An expenditure over which you have no control, are obligated to make, and is generally at a constant level each month is called a ________ expenditure. Companies should have internal control procedures in place to: (check all that apply). The company's net accounts receivable balance at the beginning of the year equaled $20,000 and the net balance at the end of the year equaled $30,000. WebA company can increase its current ratio by issuing long-term debt or capital stock or by selling noncurrent assets. Explain. The racial-ethnic group in the United States with the lowest divorce rate is? Additionally, $9,000 is deducted each year in taxes. Which of the following is most likely a true statement about high-performance companies? He used his bank debit card to pay for a video game and bought some snack food with cash. Virtualization will help Chen use multiple operating systems on her Windows 10 computer. Wrote off the remaining balance as uncollectible.\ His division was focused on producing a word processing software that performs better and has more features than any competitive product, so they added every feature that was technically feasible. WebA company can increase its current ratio by: Question 1 options: a) Increasing current assets b) Decreasing current assets c) Increasing current liabilities d) Decreasing total liabilities Expert Answer Increasing current assets the above is ans View the full answer Previous question Next question Successful positioning focuses on communicating the ________. Which of the following is an example of how the Internet affects prices and distribution? \begin{array}{lcc} An example of a company that applied the production concept in the early twentieth century is ________. The following information relates to inventory for Saints, Inc. You have reserved a hall that will seat 30 couples and have hired a jazz combo. A. \text{Nichole Chapin} & 480 The salary of each plant manager is a: Absorption costing treats all manufacturing costs as product costs. A ratio greater than 1 implies that the firm has more current assets than a current liability. Tim and Autumn Davis are trying to figure out their current financial health. Match each of the following descriptions with the component of internal control being described. It focuses on how individuals make decisions to spend their valuable resources, time, money and effort on consumption-related items. A professor teaches a large class and has scheduled an examination for 7:00 p.m. in a different classroom. It recorded the cash receipt from a sale to a customer as $46 instead of the actual amount of $64. 34) All of the following are services that human resource consulting companies provide during mergers and acquisitions EXCEPT ________. (check all that apply), Below is a list of common control activities. Of the four Ps of the marketing mix, price includes ________. This is an example of ________. True or False: An estimate of your anticipated after-tax income available for living expenses is commonly called take-home pay. The amount of the adjustment for uncollectible accounts would be: Which of the following best describes restricted cash? The segment margin is obtained by deducting the ___ fixed costs of a segment from the segment's ___. Purchase behavior and post purchase evaluation are elements of the input stage of the consumer decision-making model. \hspace{10pt} \text{Total receivables} & \underline{\underline{\$320,000}} (check all that apply). An analysis of Tremble's December 31 accounts receivable suggests that 5% of the account balances are not expected to be collected. Which of the following is commonly In the CAR MINI CASE, by offering a variety of cars to choose from, General Motors was able to differentiate itself from Ford by demonstrating to consumers that it could offer ________. All of the following are steps involved in the strategic management process EXCEPT ________. He just broke his leg and will not be able to work for six weeks. The account "Allowance for Uncollectible Accounts" is classified as a(n): a. Contra asset to accounts receivable in the balance sheet. The controller points out that the company owns an investment that is currently classified as long-term. Microsoft pleaded for its deal on the day of the Phase 2 decision last month, but now the gloves are well and truly off. in one second? 18) A company's ________ strategy identifies the basic courses of action that each department will pursue in order to help the business attain its competitive goals. A plan for controlling and forecasting your cash inflows and cash outflows is called a(n). A firm wants to strengthen its financial position. 100) High performance companies are more likely than low-performance companies to ________. You are evaluating two different silicon wafer milling machines. She typically only spends the minimum required to qualify for the promotion. Following a bumpy launch week that saw frequent server trouble and bloated player queues, Blizzard has announced that over 25 million Overwatch 2 players have logged on in its first 10 days. Which of the following is the best type of record-keeping system to use in maintaining financial records? | | | $1,200+$ | $16.25$ | In the RYAN'S RUNNERS MINI CASE, Ryan decides to focus his attention on that segment of the market that is interested in running. The vice president of human resources is considering moving MAX towards a high-performance work system. It had the following transactions occur during March: March 15: debit inventory 2000, credit accounts payable 2000, A. Which financial statement summarizes a company's cash receipts and cash disbursements for a period of time? Sweet Leaf Tea, a Texas-based maker of bottled iced tea, is a small but fast-growing firm that has gained a loyal following for its use of fresh, organic ingredients in its beverages. 15) What does a company's corporate-level strategy identify? 94) The primary purpose of implementing high-performance practices such as recruiting, screening, and training is to ________. (V chng A Ph T Hoi) 78) A ________ metric focuses on measuring the activities that contribute to achieving the company's strategic aims. c. GE: 10%, JNJ: 50%, MCD: 30%, MRK: 10% **Pay special attention to whether prices are rising or declining. Determine the proceeds of the note, assuming the note carries an interest rate of 10%. An increase in current ratio can mean a company is 'growing into' its capacity. On November 28, the customer paid Pederson the amount owed. 4. Transatlantic Airlines identifies the most profitable customers and offers them specific incentives, a practice known as ________. The current ratio is a measure of liquidity that reflects, Your net worth, or your general level of financial worth, is found by. 83) Which of the following terms refers to the process of comparing and analyzing the practices of one firm with those of a high-performing company? Develop a scope statement for this project that contains examples of all the elements. GTech's ending inventory equals: Given the information in the table below, what is the company's gross profit? $$. Hector and Maria Montez are trying to figure out their financial health. a. WebCannabidiol (CBD) is a phytocannabinoid discovered in 1940. WebStudy with Quizlet and memorize flashcards containing terms like Which of the following items would cause the balance of cash in the bank statement to not equal the balance of cash in the accounting records? Accounting profitability/Revenue. The primary purpose of strategic human resource management is to ________. How did the growth of the nation and changes in technology contribute to changes in the behavior of candidates? Tripp and his team suffered from ________. Human resource strategies are the ________ used to support a firm's strategic goals. Why? In order to implement a marketing plan, Apple needs a(n) ________ that will address its productive assets like the factories, machines, and facilities required to manufacture and distribute its popular iPods. Process efficiency is a measure of the ratio of process outputs to inputs. WebStudy with Quizlet and memorize flashcards containing terms like A binding price floor leads to: -a shortage. 10) Last year, General Motors began a strategy to improve product quality and customer satisfaction. A strong record-keeping system allows you to. ________ is turning individual consumer transactions into long-term customer relationships by making it in the best interests of customers to stay with the company rather than switch to another firm. Which of the following determinants of customer satisfaction with online websites and merchants while shopping online is characterized by the customer's willingness to count on the merchant to successfully complete the purchase transaction and feeling the merchant is reliable and honest? Integrate New Products or Services 6. If a company records too much accrued interest revenue at the end of its fiscal year, all else being equal, what are the effects on its net income, total assets, total liabilities, and total stockholders' equity? c. Incorrect. In order to generate the desired workforce skills, competencies, and behaviors that a firm needs to achieve its strategic goals, human resource management must first develop ________. The following information is available for Pearl Corp. for the past two years: At the beginning of 20X6, Elm Corp.'s "Allowance for Uncollectible Accounts" had a credit balance of $25,000.During 20X6, account receivable balances totaling $24,000 were specifically written-off as being uncollectible. To expand the business, Cross Timbers borrowed $15 million from Bank of Fort Worth. Sweet Leaf Tea recently received multimillion dollar investments which will enable the business to expand its national presence. All else being equal, as a company's inventory turnover ratio increases, the average number of days in inventory will: From a merchandiser's perspective, the purchase and sale of its inventory is an example of which type of business activity? ________ refers to the development of a distinct image for the product in the mind of the consumer. c. traceable fixed cost to the plant and a common fixed cost for the individual product lines made in the plant. \begin{array}{lr} GTech Toys has beginning inventory for the year of $18,000. Below are select examples of some of the control activities that a large department store of men and women's clothing has in place. C) negligent investment toward research and development. Below are several people and their current ratios. $$ Additionally, $7,500 is deducted each year in taxes. 73) Strategic human resource management means formulating and executing HR systems that produce the employee competencies and behaviors the company needs to achieve its strategic aims. (check all that apply). Any credit balance in a vendor subsidiary account is an unpaid balance owed. True or False: To calculate your net worth, subtract your total debt from your total assets. Document internal controls and assess their effectiveness each year. The concise measurement system used by companies to show the quantitative standards the firm uses to measure HR activities, employee behaviors resulting from the activities, and the strategically relevant organizational outcomes of those employee behaviors is called a(n) ________. Consumer behavior is defined as the behavior that consumers display in searching for, purchasing, using, evaluating and disposing of products and services that they expect will satisfy their needs. A physical asset such as a high-definition, flat-screen TV or a Harley Davidson motorcycle is called a(n). Suppose that Cathy's assets include an automobile worth $10,000 and a checking account with a $5,000 balance, while her liabilities include a student loan balance of $2,000 and a car loan balance of $8,000. 68) Suzanne, an employee at Sound Wave Systems, believes that the firm's warehouse is an unsafe environment due to slippery floors and faulty stair rails. All of the following are roles that departmental managers would most likely have in the strategic planning process EXCEPT ________. Malfoy Corp. has the following inventory information available for the month of June: For each of the following statements, indicate whether the correct answer is FIFO, LIFO, or neither. The internet offers marketers the ability to customize their products, services, and promotional messages to individual consumers, as seen in how Amazon.com sends emails to customers who are interested in a product category telling them about a new promotional offer. D) inefficiency in the management to focus on new products. Which do you prefer? Wolfpack, Inc.provides goods and services to customers during the year totaling $100,000. Which of the following tasks is Mona LEAST likely to perform? C) The 43) By emphasizing the safety of its cars, Volvo stands out as an example of a firm that is implementing a differentiation strategy. c. HR managers need to show how their HR Which of the following is a simple guide used to compile relevant information about economic, competitive, and political trends that may affect a firm? Marketing and consumer behavior stem from the ________, which maintains that the essence of marketing is satisfying consumers' needs, creating value and retaining customers. 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 Customer satisfaction is a function of customer expectations. Wrote off account of B. For example, a current ratio of 1.33:1 indicates 1.33 assets are available to meet the short-term liability of Rs. In Exercises $15$ through $20$, find the particular solution of the given differential equation that satisfies the given condition. Which of the following is used to manage employee performance and to align all employees with the key objectives a firm needs to achieve its strategic goals? WebThe two dimensions of process quality are efficiency and effectiveness. 6190\ \text{days} & \hspace{10pt}24,000 & 25\\ 17) What does a company's business-level strategy identify? Although Chen may use sandboxing when testing a web application, she needs to implement virtualization to solve the current problem. During 20X5, Littleton and Greenwood had inventory turnover ratios of 9 times and 12 times, respectively.Based on this information, which of the following statements is most likely true when comparing these two companies? Suppose that David's only assets are an automobile worth $10,000 and a checking account with a $5,000 balance. Researchers have identified two interrelated forms of customer engagement with marketers: ________ and ________. catch(e){var iw=d;var c=d[gi]("M331907ScriptRootC243064");}var dv=iw[ce]('div');dv.id="MG_ID";dv[st][ds]=n;dv.innerHTML=243064;c[ac](dv); e. Which portfolio would a risk-averse investor choose? Which of the following items would cause the balance of cash in the bank statement to not equal the balance of cash in the accounting records? Once or twice a year, when Estee Lauder runs a particularly good promotion, Candace buys some new make-up. in that plant. The cost of inventory sold in the current year, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Daniel F Viele, David H Marshall, Wayne W McManus, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman. A company must guard against a current ratio that is too high, especially if caused by idle cash, slow-paying customers, and/or slow-moving inventory. The cost of unsold inventory at the end of the year is classified as a(n) ________ in the ________. Assume that due to an error during the count of its physical inventory, a company understated the cost of its ending inventory at the end of 20X5. 79) An HR specialist conducting an HR audit should review which of the following when auditing recruitment and selection practices? WebStudy with Quizlet and memorize flashcards containing terms like Which of the following is true with regard to strategic planning? This is an example of ________. For financial reporting purposing, which of the following items should be included in the "Cash and Cash Equivalents" total on the balance sheet? Megan uses Bed Head hair products and enthusiastically recommends them to others any time she receives complements on her hair. True or False: An income statement tracks the amount of money you have coming in and going out over some period of time, such as a month or a year. WebStudy with Quizlet and memorize flashcards containing terms like 1. Which of the following is considered an example of consumer behavior? Which of the following would you calculate if you were concerned about your financial resources with regards to unplanned money emergencies? What is his current ratio? On July 25, Office Rental Company settled its account balance in cash. Raj and his manager are most likely participating in ________. Personal selling costs can be adjusted by controlling the size of the sales force. $x \frac{d y}{d x}-2 y=2 x^3 ; y=2$ when $x=1$. From the Keown book, you have learned that a budget. Which of the following customer retention measurement methods is described: the percentage of customers at the beginning of the year that are still customers by the end of the year? What is Beverage International's receivables turnover ratio? Suppose that you were trying to determine how much income was available for future monetary needs as well as for investments. Below is their financial information to complete an income statement. This most likely suggests the company is developing a ________. c. The "Allowance for Uncollectible Accounts" account has a credit balance of $1,000 which implies that last year's estimate of bad debts was overestimated (too high). INTRODUCTION The global prevalence of hypertension is high, and among nonpregnant adults in the United States, treatment of hypertension is the most common reason for office visits and for the use of chronic prescription medications [].Over several decades, the intensity (eg, number and doses) of antihypertensive drug therapy Which of these activities would be considered an example of a detective control activity rather than a preventive control activity? $$ Which of the following is a relevant question to ask a financial planner? High-performance work systems have become necessary for U.S. firms due to ________. He allocates more of his budget to customer retention than customer acquisition. Cash: Cash is the most liquid asset in a business. c. omission of upstream and downstream costs. Why does Antoine's decision make sense? At December 31, HeelCo reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (debit) before any adjustments. The following transactions took place during October: 95) Empowerment, teamwork, and extensive training are primarily characteristics of ________. Received $\$3,000$ as partial payment on the $\$7,500$ account of M. Rainey. The firm's greatest problems relate to its employees. Acquiring control of competitors in the same or similar markets with the same or similar products is known as ________. After examining the August bank statement and items included with it, the company's accountant found: Under the lower of cost or NRV rule, at what amount should OldWest report its inventory? 9) The sales director at WebMD is developing goals regarding sales revenue targets and the number of new medical-related content providers that the firm needs to maintain a competitive advantage. 46) A vertical integration strategy means that the firm will expand by adding new product lines. a. credit to Accounts Receivable b. credit to Accounts Payable c. debit to Accounts Receivable d. credit to Cash e. debit to inventory f. debit to Accounts Those who have a checking or savings account, but also use financial alternatives like check cashing services are considered underbanked. $$ easily able to cover its financial obligations. Which of the following is the most significant difference between managerial planning and the basic planning process? The essence of positive synergy can be found in the phrase: A. She can use a hypervisor to run an operating system of her choice. George and Betty, a middle-aged couple, have watched their savings account dwindle over the years. Which of the following best explains the increased success of mergers and acquisitions in recent years? These expectations affect ________. What is the total cost for the most economic order size. WebStudy with Quizlet and memorize flashcards containing terms like Management Framework, 1. In which step of the strategic management process is GM currently focusing? If the amount of Bad Debt Expense for the year is $18,000, what is the amount written off for the year? Style BB-01 has a materials cost per unit of $35. Purchases of inventory during the year are $200,000. Which of the following areas would you be LEAST likely to address in the audit process? WebThe sales message can be varied according to the motivations and interests of each prospect. Most products do not have substitutes or similar products in the marketplace, so having a distinct benefit is usually unimportant for marketers. (Select all that apply.) (adsbygoogle = window.adsbygoogle || []).push({}); (function(){ When preparing her personal income statement, what figure should Claudia enter for her income? Ryan runs a store that caters to athletes. The company prepared the following aging schedule for its accounts receivable: Reflection Lighting Inc. manufactures lighting fixtures, using just-in-time manufacturing methods. The common thread among investment assets is that. For each of the following transactions, indicate whether the cash flow is an operating, investing, or financing activity for purposes of preparing a statement of cash flows. The following information relates to inventory for Panther, Inc. On the multiple-step income statement, "gross profit" (also known as "gross margin") is calculated as follows: Littleton Corp. and Greenwood Inc. are in the same industry and are of similar size. var s=iw[ce]('script');s.async='async';s.defer='defer';s.charset='utf-8';s.src=wp+"//jsc.mgid.com/t/a/tailieuvan.vn.264917.js?t="+D.getYear()+D.getMonth()+D.getUTCDate()+D.getUTCHours();c[ac](s);})(); (function(){ Beverage International reports net credit sales for the year of $200,000. The proportions invested in each stock are shown. In the CAR MINI CASE, Ford's business approach exhibited a ________. 23) Winchester Rugs operates a website called www.buyrugsdirect.com, so Winchester Rugs is most likely implementing a strategy of ________. During its first year, California Clothing issued 100,000 shares and reacquired 10,000 shares it held as treasury stock. A business may improve its ratio of Current Assets to Current Liabilities by improving stock or credit control. With regard to hair products, Megan is best described as a(n) ________. After consulting the employee manual, Suzanne writes a letter about the situation to her immediate supervisor. Which is NOT one of the benefits of highly satisfied customers? As with many failed mergers and acquisitions, the Bank of America acquisition of Merrill Lynch was unsuccessful because of problems with ________. var i=d[ce]('iframe');i[st][ds]=n;d[gi]("M331907ScriptRootC243064")[ac](i);try{var iw=i.contentWindow.document;iw.open();iw.writeln("");iw.close();var c=iw[b];} A company has two divisions, each selling several products. Incorrectly or arbitrarily assigning common costs to segments: if a segment is eliminated, ___ fixed costs that are not traced to the segment will not change. If the company uses FIFO to calculate cost of goods sold, then its gross profit will be $5 _____ han if it had used LIFO. var D=new Date(),d=document,b='body',ce='createElement',ac='appendChild',st='style',ds='display',n='none',gi='getElementById',lp=d.location.protocol,wp=lp.indexOf('http')==0?lp:'https:'; High-performance work organizations are most likely characterized by all of the following EXCEPT ________. \text{More than}\ 120\ \text{days} & \hspace{10pt}\underline{12,000} & 80\\ The ________ concept in business assumes that consumers are mostly interested in product availability at low prices. The selling concept does not consider customer satisfaction because consumers who are aggressively induced to buy products they do not want or need will not buy them again. B. 030\ \text{days} & \$200,000 & \hspace{12pt}2\%\\ Its important to remember, however, that major purchases that prepare for upcoming growth or the sale of unnecessary assets can suddenly and somewhat artificially change a company's current ratio. b. Under what conditions should people hire a professional financial planner? Which of the following describes Amazon's customers with high bonds and modest purchase levels? B) strong focus on innovation to improve current products and services. 21) Marriott Hotels is considering the acquisition of a furniture-making business. Socially responsible activities can result in ________. WebCurrent liabilities have mounted faster than current assets, causing the current ratio to fall to 1.47. Emerging digital technologies are allowing consumers to have more power than ever before. The cost schedules of two suppliers are as follows: \begin{array}{lcccccc} Received the $\$4,200$ from B. Those in favor of socially responsible marketing call on marketers to adopt the societal marketing concept, which requires marketers to ________. WebStudy with Quizlet and memorize flashcards containing terms like Strategic planning primarily benefits a firm's managers by ________. A higher fixed asset turnover ratio indicates that a company has effectively used investments in fixed assets to generate sales. The balance shown in the August bank statement of WP, Inc. was $22,300. McDonald's used a consolidation strategy. Each location has a plant manager who oversees the man. The given scenario illustrates the analysis of _____. An individual's perception of the performance of a product or service in relation to one's expectations is known as ________. Which of these purchases are difficult to track and monitor on his budget? 30) Which term refers to any factors that allow a firm to differentiate its product or service from those of its competitors to increase market share? This is effected under Palestinian ownership and in accordance with the best European and international \hline \text { Number of calls } & 0 & 1 & 2 & 3 & 4 & 5 \\ \end{array} On the customer profitability pyramid, Candace is most likely to fall into the ________ tier. \hline This statement is an example of a Go-Tech ________. Ending inventory is $100,000. A part or activity within an organization about which managers would like cost, revenue or profit data is called a ____. The purpose of the marketing plan that is included within a business plan is to ________. Explain. 14) A company's ________ strategy identifies the portfolio of businesses that comprise the company and the ways in which these businesses relate to each other. Define consumer behavior. WebA company had beginning inventory of 5 units that cost $10 each. Companies like Ferrari are known as ________ because they carve out a market niche and compete by providing a product that customers can attain in no other way. Sweet Leaf Tea recently received multimillion dollar investments, which will enable the business to expand its national presence. The 11-year old company has 50 employees, and its products are available in 30% of the U.S. market. 860 units of Style BB-01 were sold in October for $105 per unit. WebStudy with Quizlet and memorize flashcards containing terms like The journal entry to record the payment for merchandise previously purchased on account includes a _____. When a company grants a discount to its customer for the customer's prompt payment related to a previous sale of inventory on account, the discount is called a. Cookies are used to track who is interested in what online and sold on exchanges like ________ to other companies who are interested in targeting people based on their interests. Gapminder fights devastating misconceptions and promotes a fact-based worldview everyone can understand. According the Keown book, which Web-based personal financial planning website is known as "the best free way to manage your money?". WebStudy with Quizlet and memorize flashcards containing terms like Workforce planning, A trend analysis is limited in its usefulness because it, ratio analysis and more. In the RYAN'S RUNNERS MINI CASE, which of the four elements of the marketing mix does Ryan use to differentiate his store in the marketplace? Since you have neglected your personal finances for some time, what would you do as a first step? On its bank reconciliation for the month of December, Pack Corp. noted that it had made an accounting error. A house worth $\$ 260,000$ now would have had what was the value $8$ years ago? From her annual salary of $72,000, Kierstan has $5,700 automatically deducted for insurance on an annual basis. Ryan runs a store that caters to athletes. 20) A diversification corporate strategy implies that a firm will ________. A good current ratio is between 1.2 to 2, which means that the business has 2 times more current assets than liabilities to covers its debts. The primary objective of providing value to customers continuously and more effectively than the competition is ________. destination point and we are doing the accounting from the standpoint of the seller of these goods, title passes at the _____ and our company _____ be responsible for the freight charges. 22) Harley-Davidson sells a line of boots, helmets, and leather jackets indicating that the firm is most likely pursuing which of the following strategies? True or False: GAAP permits a company to regularly switch its inventory costing method from year to year. Whereas a merchandiser usually has one inventory account, a manufacturer has which of the following? Social media transformed ________ by giving companies a way to easily collect input and customers' preferences. 65) As an HR manager with Northern Airlines, Stan reviews graphs and charts on his computer to understand the relationship between HR activities, employee behaviors, and strategic outcomes. Which of the following is consistent with the societal marketing concept? Process effectiveness is a measure of how well a process achieves organizational strategy. As a result, she rarely pays full price for detergent. Which questions do financial ratios help you answer? WebGapminder is an independent Swedish foundation with no political, religious or economic affiliations. As consumers spend more time online and have more technological tools that enable them to avoid exposure to TV ads, marketers are ________. Although beverage industry experts recommended that Sweet Leaf replace the organic cane sugar and honey it uses with less costly high-fructose corn syrup, Sweet Leaf refused because of the company's mission to provide a high-quality, organic beverage to consumers. All of the following are services that human resource consulting companies provide during mergers and acquisitions EXCEPT ________. The three drivers of successful relationships between marketers and customers are customer value, high levels of customer satisfaction, and customer retention. \text{Rai Quinn} & \$1,200\\ d. Which portfolio would a gambler choose? What amount did the company report for sales returns for the year? b. Absorption and variable costing always result in the same net operating income each year, Net operating income under absorption costing is generally ___ net operating income under variable costing in periods in which inventory increases. Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Fundamentals of Financial Management, Concise Edition. 98) High-performance work organizations are most likely characterized by all of the following EXCEPT ________. He divides the athletic market into different subsets of shoe consumers, such as runners, basketball players, and golfers. For both milling machines, use straight-line depreciation to zero over the projects life and assume a salvage value of $45,000. Select one: a. At December 31, Gill Co. reported accounts receivable of $240,000 and an allowance for uncollectible accounts of $200 (debit balance) before any adjustments. Indicate which of the following statements is TRUE with respect to internal controls. At December 31, Tremble Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Accounts of $1,000 (credit balance) before any adjustments. Which of the following financial documents would you to use to create a financial plan? Decision-making problems that could occur when using absorption costing include inappropriate ___ decisions, and decisions made to ___ products that are, in fact, profitable. An example of a traceable fixed cost for General Motors' Corvette Division is the: Discontinuing a profitable segment results in: c. may be prepared for activities at many levels in the company, Net Income computed under ___ costing may not agree with the results of the CVP analysis. 66) Human resource strategies are the ________ used to produce the desired workforce skills, competencies, and behaviors needed to support a firm's strategic goals. The property tax for the store is a ___ fixed cost for the store, and a ___ fixed cost for each product line sold in the store. The Techron I costs $270,000, has a three-year life, and has pretax operating costs of$69,000 per year. WebStudy with Quizlet and memorize flashcards containing terms like Which of the following best summarizes why HR managers have to use strategy language when discussing the value of HR programs to senior leadership? Assume that the event will occur in 4 weeks and provide your best guess estimate of the dates for milestones. c. is incurred because of the existence of the segment. She estimates the probabilities in the table for the number of students who will call her at home in the hour before the examination asking where the exam will be held. May 1: Debit Cash 600, Credit Service Revenue 600. They both make good incomes and can't understand why they aren't saving more each month. When preparing her personal income statement, what figure should Kierstan enter for her income? What is the first step of the HR audit process? Norman dislikes the health insurance plan provided by his employer, but is unwilling to switch to a different health insurer because obtaining private health insurance would be significantly more expensive than the employer-subsidized plan in which he is currently enrolled. 27) Sweet Leaf Tea, a Texas-based maker of bottled iced tea, is a small but fast-growing firm that has gained a loyal following for its use of fresh, organic ingredients in its beverages. Variable costing net operating income is usually closer to the net cash flow of a period than is absorption costing net operating income. Insurance. Which of the following terms refers to a set of human resource management policies and practices that promote organizational effectiveness? Before releasing financial statements, Turnberry management is scrambling to improve the current ratio. 99) All of the following practices are most likely implemented by companies with high-performance work systems EXCEPT ________. On its bank reconciliation for the month of December, Pack Corp. noted its bank collected on a note receivable due from one of Pack's customers. 61) All of the following are HR tools used to translate a firm's strategic goals into HR policies and activities EXCEPT ________. The selling concept focuses on the needs of the ________ and on existing products, while the marketing concept focuses on the needs of the ________. 60) Which term refers to the employee skills and behaviors that a firm needs to achieve its strategic goals? The completion of a project phase is also known as which of At the end of the first year, how many shares are authorized, issued, and outstanding? 28) Sweet Leaf Tea, a Texas-based maker of bottled iced tea, is a small but fast-growing firm that has gained a loyal following for its use of fresh, organic ingredients in its beverages. | $1,000+$ | $16.50$ | $800-1,199$ | $16.60$ | They have listed the following items from their most recent statements. Since most well-run firms utilize a hierarchy of goals to guide major decisions, ________ is especially important to managers at every level to prevent departments from working at cross-purposes. In addition, be specific with respect to whether the activity leads to an inflow of cash or an outflow of cash from the company's perspective. 24) A firm that expands by producing its own raw materials or acquiring a retail outlet to sell its own products is most likely using a strategy of ________. Cash that is not available to be used for current operations. For Exercises 7.76 to 7.82, calculate the mean and standard deviation of the portfolio. What is his net worth? Make these tweaks to improve gross margin for your company and become more profitable. -a surplus. Andy Inc. also has the following information for its accounts receivable and the estimated percentages of bad debts for different past-due amounts: Inventory records for Dunbar Incorporated revealed the following: Beginning inventory is $40,000. Henry currently has $1250 in monetary assets and also has $1250 in current liabilities. WebStudy with Quizlet and memorize flashcards containing terms like The three financial ratios that constitute return on revenue are Cost of goods sold/Revenue, Research & Development expense/Revenue, and A. [1] In many cases, a creditor would consider a high current ratio to be better than a low current ratio, because a high current ratio indicates that the company is more likely to pay the creditor back. A. Build an impressive slide deck in minutes, craft an insightful icebreaker instantly, or find a new The resulting number is the number of times the company could pay its current obligations with its current assets. 3160\ \text{days} & \hspace{10pt}75,000 & \hspace{5pt}8\\ Use your notes form the lesson to summarize the key ideas of the four theories of the growth of cities. Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Don Herrmann, J. David Spiceland, Wayne Thomas, Carl S Warren, James M Reeve, Jonathan E. Duchac. Which of the following is the most important human resource issue to address during the first few months of a merger? Although beverage industry experts recommended that Sweet Leaf replace the organic cane sugar and honey it uses with less costly high-fructose corn syrup, Sweet Leaf refused because of the company's mission to provide a high-quality, organic beverage to consumers. The balance of Allowance for Uncollectible Accounts after adjustment will be: The current year's beginning and ending balances for Allowance for Uncollectible Accounts is $33,000 and $27,000, respectively. \textbf{Aging Class (Number} & \textbf{Receivables Balance} & \textbf{Estimated Percent of}\\ In the RYAN'S RUNNERS MINI CASE, by portraying his store as a one-stop-shop for all your running needs, Ryan has developed a distinct image for his store. The amount of the adjustment for uncollectible accounts would be: The current year's beginning and ending credit balances for Allowance for Uncollectible Accounts is $23,000 and $27,000, respectively. What should Ray Inc. record on July 25? Which of the following ratios would you most likely use? This most likely suggests the company is developing a ________. It uses the perpetual inventory system. Sweet Leaf Tea recently received multimillion dollar investments which will enable the business to expand its national presence. Marketing-oriented companies try to persuade consumers to buy what the firm has already produced, regardless of whether those goods satisfy consumers' needs. Sale: debit Cash 900, credit sales revenue 900. Strategic planning primarily benefits a firm's managers by ________. 6) A team of managers has been assigned the task of developing and implementing a strategic plan using the strategic management process. Lower under weighted average cost than LIFO. a. both income statements include product and period costs. Kevin's business is exhibiting the ________. Post-purchase benefits such as warranties and return policies are part of the place element of the marketing mix. The key assumption underlying the marketing concept is that ________. Gloria always uses Tide laundry detergent and stocks up whenever she sees a sale. b. GE: 5%, JNJ: 30%, MCD: 40%, MRK: 25% 54) Which of the following is the most likely source of a company's hierarchy of goals? Which element of the fraud triangle do companies have the greatest ability to eliminate? Which of the following refers to any factors that allow a company to differentiate its product or service from those of its competitors to increase market share? At the end of the year, Wolfpack estimates that an additional $5,000 in discounts, returns, and allowances will occur next year as a result of sales transactions this year. True or False: If a company uses the FIFO method for financial statement purposes, it may use the FIFO method for income tax purposes as well. Prop 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 wildfires and reducing air pollution from vehicles. 40) Compiling information about a company's environment is more easily accomplished with a SWOT chart than an environmental scanning worksheet. Prior to year-end adjusting entries, what would explain the Allowance for Uncollectible Accounts having a debit balance? 42) Firms that open facilities overseas are implementing a functional strategy of geographic expansion. 39) The first step in the strategic management process involves defining the current business and mission. Winchester Rugs operates a web site called www.buyrugsdirect.com, so Winchester Rugs is most likely using a strategy of ________. The main contents of a typical business plan include all of the following EXCEPT ________. Sarah has $15,000 in monetary assets, $48,000 in annual living expenses, a $20,000 balance on her car loan, and $60,000 of equity in her house. On May 1, Hanover Corp. received $600 cash for providing services to a customer. D. lowers costs and increases differentiation. Raj's manager will periodically assess the progress Raj makes towards those goals. 4) Vision statements focus on the ________. Customer profitability-focused marketing ________. The Physicians Committee for Responsible Medicine targeted Burger King in television commercials that blame it for heart disease. An expenditure that you can control over time and that you can manage is a(n). Alter Your Business Focus The note's face value plus interest will be due when the note matures on April 1, 20X2. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. On a multiple-step income statement, which of the following account balances would normally appear below the "operating income" subtotal line? His only liabilities are a student loan balance of $12,000 and a balance of $9,000 on his car loan. The ________ of the California Energy Commission indicates that the organization assesses and acts through public and private partnerships to improve energy systems that promote a strong economy and a healthy environment. It is one of 113 identified cannabinoids in cannabis plants, along with tetrahydrocannabinol (THC), and accounts for up to 40% of the plant's extract. General Electric (GE): 25%, Johnson & Johnson (JNJ): 25%, McDonalds (MCD): 25%, Merck (MRK): 25% -an equilibrium. d. Incorrect. | QUANIITY | PRICE/LB | QUANTITY | PRICE/LB | 45) Cost leadership, differentiation, and focus strategies are types of corporate-level strategies. \hline \text { Probability } & 0.10 & 0.15 & 0.19 & 0.26 & 0.19 & 0.11 \\ This information suggests the firm is most likely using a(n) ________ strategy. Information Technology Project Management: Providing Measurable Organizational Value, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Operations Management: Sustainability and Supply Chain Management, Service Management: Operations, Strategy, and Information Technology, Find all points of discontinuity. The team has already defined the current business and mission. Recent reports show that GM's product recalls for the first half of the year are higher than for the entire previous year. After examining the August bank statement and items included with it, the company's accountant found: A company accounts for possible bad debts using the allowance method. 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