how can a company improve its current ratio quizlet
Customization is more practical and effective for marketers who are selling low involvement products. Reese Enterprises seeks to fill upper-level positions internally whenever possible and uses validated selection tests when considering external hires. 1) What is the first step in the strategic management process? 40) Compiling information about a company's environment is more easily accomplished with a SWOT chart than an environmental scanning worksheet. \text{Mary Adams} & 1,675\\ High-performance work organizations are most likely characterized by all of the following EXCEPT ________. Companies with a current ratio that is less than 1.00 do not have the capital to meet their short-term debt when they are due at once The following information relates to inventory for Saints, Inc. Technology enables marketers to do which of the following? On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 45-day note with a face amount of $150,000. Recent reports show that GM's product recalls for the first half of the year are higher than for the entire previous year. Hall, $\$4,200$.\ A) Fair trade B) Trade theory C) Free trade D) Mercantilism, 21) Identify the theory that supports the view that, in some cases, countries The primary tool used by managers who are performing external and internal audits as part of the strategic management process is the ________. "You are in charge of organizing a dinner-dance concert for a local charity. 7) Holt Tractor Company needs a new strategic plan as a result of losing market share to other farm equipment companies. Courtney's decision to purchase a Dell signifies the output stage of decision making. Wolfpack, Inc.provides goods and services to customers during the year totaling $100,000. Tim and Autumn Davis are trying to figure out their current financial health. To expand the business, Cross Timbers borrowed $15 million from Bank of Fort Worth. When the number of units produced equals the number of units sold: One mistake companies make when preparing segmented income statements is arbitrarily assigning ___ fixed costs to segments, a. could reduce the overall profits of the company. An increase in current ratio can mean a company is 'growing into' its capacity. WebA high percentage of R&D/Revenue ratio indicates a(n): A) strong focus on marketing and sales to promote products and services. May 1: Debit Cash 600, Credit Service Revenue 600. Consolidation keeps the company's strategy up-to-date by assessing progress toward strategic goals and taking corrective action as needed. Materials were acquired to assemble 900 Style BB-01 units for October. 4. The 4 Ps of the marketing mix are ________. An analysis of accounts receivable suggests that the allowance for doubtful (uncollectible) accounts should be 3% of accounts receivable. This most likely suggests the company is developing a ________. WebAbout Our Coalition. Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Don Herrmann, J. David Spiceland, Wayne Thomas. The account "Allowance for Uncollectible Accounts" is classified as a(n): a. Contra asset to accounts receivable in the balance sheet. Ways to Improve Gross Margin 3. 37) A vision statement is broader and more future-oriented than a mission statement. A physical asset such as a high-definition, flat-screen TV or a Harley Davidson motorcycle is called a(n). As of 2019, clinical research on CBD included studies related to anxiety, cognition, movement disorders, and pain, but there is insufficient high WebStudy with Quizlet and memorize flashcards containing terms like 1) What is the first step in the strategic management process? -a low price., (Figure: Market for Sustainable Furniture) The graph depicts the market for furniture made from sustainable, man-made forests. b. 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. Researchers have identified two interrelated forms of customer engagement with marketers: ________ and ________. What is the next step in the strategic management process? The amount of actual uncollectible accounts in the current year was greater than the estimate of uncollectible accounts made at the end of the prior year. Reflection Lighting Inc. manufactures lighting fixtures, using just-in-time manufacturing methods. The vice president of human resources is considering moving MAX towards a high-performance work system. All of the following are services that human resource consulting companies provide during mergers and acquisitions EXCEPT ________. Ending inventory is $100,000. The key assumption underlying the marketing concept is that ________. Absorption costing can lead managers to mistakenly believe that fixed manufacturing overhead costs will ___ as the number of units produced increases. What is the amount of net revenues Wolfpack will report in its current-year income statement? After preparing a bank reconciliation, a check outstanding for the payment of advertising would be recorded with a: The following information pertains to a company's cash general ledger account balance and bank reconciliation as of August 31: The following information was taken from a company's bank reconciliation and company records at the end of the year: Which company asset is most often involved with fraudulent activities? 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? What is her current ratio? What is Beverage International's receivables turnover ratio? 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. 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. A segment should be discontinued when the segment: From a decision making point of view, ___ margin is most useful for major capacity decisions and ___ margin is most useful for short-term sales volume decisions. He divides the athletic market into different subsets of shoe consumers, such as runners, basketball players, and golfers, which is known as ________. c. omission of upstream and downstream costs. Cash that is not available to be used for current operations. 36^{\circ} $$ Prop 30 is supported by a coalition including CalFire Firefighters, the American Lung Association, environmental organizations, electrical workers and businesses that want to improve Californias air quality by fighting and preventing wildfires and reducing air pollution from vehicles. You have reserved a hall that will seat 30 couples and have hired a jazz combo. 11) Which of the following summarizes a company's main tasks at the present time? Sweet Leaf Tea recently received multimillion dollar investments, which will enable the business to expand its national presence. A) At the corporate level, the company starts the strategic planning process by determining what portfolio of businesses and products is best for the company. He used his bank debit card to pay for a video game and bought some snack food with cash. Which of the four disciplines that helps shape our understanding of consumer behavior compares human societies' culture and development? Below is a list of various procedures a local retailer has regarding its cash receipts. Which of the following financial documents would you to use to create a financial plan? Mercury Corp. has the following account balances at 12/31/X1: Wolfpack Corp. uses the allowance method for estimating is uncollectible accounts receivable. Of the four Ps of the marketing mix, promotion includes ________. Strategic planning primarily benefits a firm's managers by ________. b. $$. Gapminder fights devastating misconceptions and promotes a fact-based worldview everyone can understand. The example in the text notes San Francisco City Attorney sued ________ because the company chose to market caffeinated energy drinks to children despite alleged health risks. 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. 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. Which of the following is consistent with the societal marketing concept? How is real culture different from ideal culture? What should the team most likely do next? \text{Rai Quinn} & \$1,200\\ WebStudy with Quizlet and memorize flashcards containing terms like Investing in process innovation helps firms lower their costs., Flexible manufacturing technologies have increased the importance of production economies of scale., Globalization of markets has reduced the importance of innovation. Determine the proceeds of the note, assuming the note carries an interest rate of 10%. During its first year, California Clothing issued 100,000 shares and reacquired 10,000 shares it held as treasury stock. What is the scope of consumer behavior? So far, the team has performed external and internal audits. \textbf{Aging Class (Number} & \textbf{Receivables Balance} & \textbf{Estimated Percent of}\\ 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? \end{array} 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 ________. An expenditure that you can control over time and that you can manage is a(n). ", Find the fraction of a circle subtended by the following angles. GTech Toys has beginning inventory for the year of $18,000. \hline During a merger or an acquisition, due diligence reviews performed by human resource teams are most likely to assess all of the following EXCEPT ________. Tanya and her marketing team at a fast food restaurant are breaking their company's target audience into groups that have shared needs that are different from the needs shared by other groups. The downside of electronic communications is marketers have less ability to gauge the effectiveness of their promotional messages than they did via traditional media outlets. Khi c tc p[]. $$ They both make good incomes and can't understand why they aren't saving more each month. a. both income statements include product and period costs. The project life cycle is comprised of which of the following? They will pay off their car loan in three years, their gross household income is $3,800 per month, and they receive $75 per month in interest income from their investments. B. C. Total return to shareholders/Revenue. $$ Hector and Maria Montez are trying to figure out their financial health. The government wants to encourage buyers to buy such furniture and imposes a High-performance work systems have become necessary for U.S. firms due to ________. When Amazon buyers find books instantly, read sample pages and reviews posted by other readers, and begin reading purchased books within minutes after placing their orders, Amazon collects information about what books they looked at, the sample pages and reviews they clicked on, and the time spent on each activity. 8) Which of the following is a simple guide used to compile relevant information about economic, competitive, and political trends that may affect a firm? c. is incurred because of the existence of the segment. $x \frac{d y}{d x}-2 y=2 x^3 ; y=2$ when $x=1$. From her annual salary of $72,000, Kierstan has $5,700 automatically deducted for insurance on an annual basis. 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. How did the growth of the nation and changes in technology contribute to changes in the behavior of candidates? An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. 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. 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? 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. 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:'; 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. It uses the perpetual inventory system. The actions that consumers display in searching for, purchasing, using, evaluating, and disposing of products and services that they expect will satisfy their needs is known as ________. WebOn March 15, the Bank of Algeria lowered the reserve requirement ratio from 10 percent to 8 percent, and its main policy rate by 25 basis points to 3.25 percent. Determine the proceeds of the note, assuming the note is discounted at 10%. His primary focus is on getting consumers to purchase as many widgets as possible to ensure that he is maximizing his sales relative to his production capacity. Antoine is in charge of customer acquisition and retention. 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? $$ 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. The completion of a project phase is also known as which of What is his net worth? 15) What does a company's corporate-level strategy identify? in one minute? in that plant. Inventory records for NoleCo revealed the following: During periods when inventory costs are rising, cost of goods sold will most likely be, a. Which of the following is commonly Customer profitability-focused marketing ________. When consumers use online sites to compare models and brands of products and click for more technical information, companies gain information about ________. 19) What does a company's functional-level strategy identify? Henry currently has $1250 in monetary assets and also has $1250 in current liabilities. Increasing a product's use, Finding new customers, Creating a new use situation, Match the example A) outlining procedures for firing employees B) creating a hierarchy of decision-makers C) establishing goals to be accomplished D) allowing employees to provide input E) clarifying the supply chain Bart's, Inc. operates retail stores in various cities. Sophisticated marketers today practice selective relationship building, which can lead to companies rejecting or firing certain types of consumers. 69) Goals are initiated by the bottom level of an organization according to the hierarchy of goals approach to strategic planning. The focus of the ________ was to sell more of what the manufacturing department was able to produce. 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:'; The underbanked represented 14% of U.S. households, or 18. This is an example of ________. 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. When an actual bad debt occurs, what effect does it have on the accounting equation? In the CAR MINI CASE, which of the following elements of the marketing mix was central to Ford's business model? Sweet Leaf Tea recently received multimillion dollar investments which will enable the business to expand its national presence. A(n) ________ is a reserve or rainy-day fund with money set aside to be used for unexpected expenses or when normal income has been disrupted. Wrote off the following accounts as uncollectible (record as one journal entry): \text{More than}\ 120\ \text{days} & \hspace{10pt}\underline{12,000} & 80\\ WebThe sales message can be varied according to the motivations and interests of each prospect. In which step of the strategic management process is the sales director involved? In the CAR MINI CASE, Ford's business approach exhibited a ________. What is her month's living expenses covered ratio? When Samsung incorporated twitter comments about the iPhone into its advertising pitch, it was taking advantage of which facet of the interactive exchange? 43) By emphasizing the safety of its cars, Volvo stands out as an example of a firm that is implementing a differentiation strategy. Why? 56) Which of the following is NOT part of strategic planning? A unit of Style BB-01 requires 12 minutes of cell production time. 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. Alter Your Business Focus 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? The proportions invested in each stock are shown. 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. Under what conditions should people hire a professional financial planner? 13) The primary tool used by managers who are performing external and internal audits as part of the strategic management process is the ________. There is no "I" in team C. Two heads are better than one D. The whole is greater than the sum of the parts E. If it doesn't kill you, it makes you stronger, 2. They have listed the following items from their most recent statements. In tailoring the plan for a specific group of consumers based on their particular needs, Matt's Mobile Services has provided an example of ________. If a company underestimates its bad debts expense for the year, all else being equal, what are the effects on its net income, total assets, total liabilities, and total stockholders' equity? e. All of the other answers would cause the two cash balances to differ. A company reports the following information for June: a. An example of a company that applied the production concept in the early twentieth century is ________. 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. In your own words, redefine the meaning of "grassroots lobbying". Readjust Your Sales Mix 5. 53) Linking HR policies and practices with strategic goals in order to improve business performance is known as ________. Which tier of customers is most likely to get "fired" by a firm? Of the four Ps of the marketing mix, price includes ________. Apr. 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? Which of the following would be included on a personal income statement? 2. A professor teaches a large class and has scheduled an examination for 7:00 p.m. in a different classroom. Which of the following areas would you be LEAST likely to address in the audit process? Segmented income statements are prepared for each plant and for each product man. Below are several people and their current ratios. 45) Cost leadership, differentiation, and focus strategies are types of corporate-level strategies. Oswego Clay Pipe Company provides services of $46,000 to Southeast Water District #45 on April 12 of the current year with terms 1/15, n/60. 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 3160\ \text{days} & \hspace{10pt}75,000 & \hspace{5pt}8\\ The segment margin is obtained by deducting the ___ fixed costs of a segment from the segment's ___. B) A strategic plan deals with a company's short-term goals. For example, a current ratio of 1.33:1 indicates 1.33 assets are available to meet the short-term liability of Rs. Explain why the acid-test ratio is a better measure of the financial health of a firm than the current ratio. (underestimated). Which of the following audits is used by HR managers to determine whether a firm is adhering to relevant laws and regulations? The ratio of the company's debt to its investment is 0.5. var i=d[ce]('iframe');i[st][ds]=n;d[gi]("M331907ScriptRootC243064")[ac](i);try{var iw=i.contentWindow.document;iw.open();iw.writeln("
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