Chapter 2 - C financing D evaluating 5 A company has...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 2 Response Pad Questions September 1, 2010 1 A manager is comparing the budgeted sales figures to the actual sales results. This is an example of what phase of the management cycle? A planning B performing C evaluating D standardizing 2 A salesperson has just helped a customer purchase a product. This is an example of what phase in the management cycle? A planning B performing C evaluating D standardizing 3 At Mellinger Manufacturing, materials have been purchased to be used in their manufacturing process. This is an example of what type of activity? A operating B investing C financing D planning 4 Mellinger Manufacturing sells some of their factory equipment. This is an example of what type of activity? A operating B investing
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: C financing D evaluating 5 A company has revenues of $450,000, cost of goods sold of $250,000 and operating expenses of $150,000. Total current assets are $200,000 and total assets are $500,000. Total owner's equity is $400,000. 75% of its liabilities are current. What is the company's net income? A $200,000 B $150,000 C $100,000 D $50,000 6 A company has revenues of $450,000, cost of goods sold of $250,000 and operating expenses of $150,000. Total current assets are $200,000 and total assets are $500,000. Total owner's equity is $400,000. 75% of its liabilities are current. What is the company's gross margin ratio? A 80% B 55.55% C 44.44% D 33.33%...
View Full Document

Page1 / 2

Chapter 2 - C financing D evaluating 5 A company has...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online