CHAPTER 13 SUGGESTED ANSWERS EXERCISES Exercise 13 - 1 1. 2006 Sales 60‚000 Cost of Sales 60‚000 Cost of Sales 20‚000 Inventory 20‚000 2007 Retained Earnings‚ Parent 20‚000 Inventory 20‚000 2008 Retained Earnings‚ Parent 20‚000 Cost of Sales 20‚000 2. 2006 Sales 60‚000 Cost of Sales 60‚000 3. 2006 Sales 60‚000 Cost of Sales 60‚000 Cost of Sales 5‚000 Inventory 5‚000 P20‚000 x 25%
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Chapter 13 Student: ___________________________________________________________________________ 1. As an exporter‚ according to the opening case‚ which of these is a key problem for Megahertz Communications? A. Credibility of foreign governments B. Financing C. Substandard products for foreign markets D. Language E. Country specific technical standards 2. In the United States‚ what percent of firms export‚ according to the U.S. Small Business Administration? A. Nearly 98 percent B. About 23 percent
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Chapter 13 Nurses are one of the biggest demands that I know of in this day and age. For the many people who go through the emergency rooms‚ in and out patients‚ regular check-ups or have to be in an environment of anointment‚ there must be nurses. Aside from the job that the doctors do‚ nurses cover some of the other procedures that should be performed in the medical field. Nurses‚ nurses assistants‚ physicians‚ pharmacist‚ and even midwives all play a role in the process
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Principles of Marketing‚ 14e (Kotler) Chapter 13 Retailing and Wholesaling 1) ________ includes all the activities involved in selling products or services directly to final consumers for their personal‚ nonbusiness use. A) Franchising B) Retailing C) Brokering D) Wholesaling E) Disintermediation Answer: B Diff: 1 Page Ref: 374 Skill: Concept Objective: 13-1 2) In recent years‚ ________ has been growing fast. This includes selling to final consumers through direct mail‚ catalogs‚ telephone
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Chapter 13 Inventory Management Answers to Discussion and Review Questions 1. Inventories are held (1) to take advantage of price discounts‚ (2) to take advantage of economic lot sizes‚ (3) to provide a certain level of customer service‚ and (4) because production requires some in-process inventory. 2. Effective inventory management requires (1) cost information‚ information on demand and lead time (amounts and variabilities)‚ an accounting system‚ and a priority system (e.g.‚ A-B-C)
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3–1. The members of a truss are pin connected at joint O. Determine the magnitudes of F1 and F2 for equilibrium. Set u = 60°. y 5 kN F2 70Њ 30Њ x SOLUTION + : ©Fx = 0; O F2 sin 70° + F1 cos 60° - 5 cos 30° - 4 (7) = 0 5 5 3 4 0.9397F2 + 0.5F1 = 9.930 7 kN + c ©Fy = 0; u 3 F2 cos 70° + 5 sin 30° - F1 sin 60° - (7) = 0 5 F1 Solving: T an his th d wo sa eir is p rk w le co ro is ill o u vi pr de f a rse de ot st ny s d s ec ro p an
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The first criteria considered within our investment analysis are Loblaw’s ability to pay current liabilities. Loblaw’s current ratio is stable with slight improvement over the last four years and has an overall improvement in the Acid test ratio over the four years. Also‚ in comparison to industry averages Loblaw continue to outperform them‚ especially in Acid test ration‚ where they have improved vastly by 54.2% in the last two years{see appendix X}. Appendix X Acid Test Ratio Loblaw
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seasonal working capital Working capital (also known as net working capital) is a financial metric that measures the day-to-day operating liquidity of a business. It is defined as: Current Operating Assets (Accounts Receivable + Inventory) Minus: Current Operating Liabilities (Accounts Payable) Equals: Net Working Capital. Accounts Payable consist primarily of amounts owed to operating creditors‚ i.e.‚ suppliers of inventory; amounts owed to service providers; and amounts owed
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13. Organizational Change Understanding Key Concept l Change agents are people who take action to change the behavior of people and systems. l Unplanned change occurs spontaneously and without a change agent’s direction. l Planned change is intentional and occurs with a change agent’s direction. l Unfreezing is the stage at which a situation is prepared for change. l Changing is the stage in which specific actions are taken to create change. l Refreezing is the stage in which changes are
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Chapter 11 Current Liabilities and Payroll Questions 1. A current liability is one that is payable within the coming year or within the company’s normal operating cycle if longer than a year. All other liabilities are long-term. A contingent liability is a potential liability that depends on a future event arising out of past events. The future event will determine the amount and existence of the liability. A contingent liability may or may not become an actual obligation. 2. The company reports
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