Signin/Signup
Info
Warning
Danger

Business Management Expert Answers, Study Resources & Learning Aids

Gaining better grades in any business management class is not absolutely possible. Just search for your question or assignment instruction on ScholarOn. You will be able to find the solution and guidance through our business management homework answers, flashcards or guides.

Ask an Expert

Our Experts can answer your tough homework and study questions.

Answers in as fast as 15 minutes
Post a Question
16144 Materials
0 Students Benefited

30) Although many retailers must match competitors' prices identical items,

  30) Although many retailers must match competitors' prices on identical items, maintaining a ________ pricing policy may not be healthy for a small business because it robs the company of the opportunity to create a distinctive image in its customers' eyes. A) markup B) follow-the-leader C) below-market D) matching 31) A technique offering customers.
Homework Answers
9 Views

30) Although many retailers must match competitors' prices identical items,
Homework Answers
View Answer

1) Solid cash management enables a business owner to: A) adequately

  1) Solid cash management enables a business owner to: A) adequately meet the cash demands of the business. B) avoid retaining unnecessarily large cash balances. C) stretch the profit-generating power of each dollar the business owns. D) All of the above 2) ________ is the most important, yet least productive, asset that a small business.
Homework Answers
23 Views

1) Solid cash management enables a business owner to: A) adequately
Homework Answers
View Answer

11) Which of the following not a step in creating

  11) Which of the following is not a step in creating a cash budget? A) Determining an adequate minimum cash balance B) Forecasting profits C) Forecasting cash receipts D) Forecasting cash disbursements 12) A cash budget is based on the cash method of accounting, meaning that cash receipts and cash disbursements are recorded in the.
Homework Answers
10 Views

11) Which of the following not a step in creating
Homework Answers
View Answer

50) A customer who purchases a television from Ace Appliance

  50) A customer who purchases a television from Ace Appliance Store and pays for it in 36 monthly payments is most likely using: A) trade credit. B) charge account credit. C) installment credit. D) debit card credit. 51) One of the requirements to be able to offer ________ is to make certain that the firms'.
Homework Answers
13 Views

50) A customer who purchases a television from Ace Appliance
Homework Answers
View Answer

1) Setting prices for products and services requires entrepreneurs to

  1) Setting prices for products and services requires entrepreneurs to balance a multitude of complex forces as entrepreneurs determine prices for their goods and services that will draw customers and: A) position prices lower than all competitors. B) produce a profit. C) effectively compete with online alternatives. D) have high volume/high margin sales. 2) Which.
Homework Answers
34 Views

1) Setting prices for products and services requires entrepreneurs to
Homework Answers
View Answer

40) Which of the following is/are true regarding cost-plus pricing? A)

  40) Which of the following is/are true regarding cost-plus pricing? A) It encourages the manufacturer to operate efficiently. B) It fails to consider competitors' prices appropriately. C) It fails to guarantee the manufacturer a desired profit margin. D) Only A and C 41) A reliable cost accounting system is necessary for accurate pricing. The traditional.
Homework Answers
23 Views

40) Which of the following is/are true regarding cost-plus pricing? A)
Homework Answers
View Answer

41) If the accounting period one year with credit sales

  41) If the accounting period is one year with credit sales totaling $2,500,000 and accounts receivable totaling $200,000, what is the average collection period ratio? A) 29.2 days B) 365 days C) 119.3 days D) Cannot be determined from the information provided 42) For the most meaningful interpretation, the small business owner should compare his.
Homework Answers
13 Views

41) If the accounting period one year with credit sales
Homework Answers
View Answer

61) What the return net worth ratio for Meters, Inc.? A)

  61) What is the return on net worth ratio for Meters, Inc.? A) 8.5 percent B) 1.91:1 C) 21.8 percent D) 29.3 percent Regarding Gunther's Emporium, refer to the following to answer the question(s) below :   Gunther's Emporium expects net sales of $2,396,919 for the upcoming year, with variable expenses totaling $1,813,443 and fixed expenses of.
Homework Answers
13 Views

61) What the return net worth ratio for Meters, Inc.? A)
Homework Answers
View Answer

121) Companies lose billions of dollars each year due to

  121) Companies lose billions of dollars each year due to employee theft. 122) Rather than build the current year's budget on increases from the previous year's budget, zero-based budgeting starts from a budget of zero and evaluates the necessity of every item. 123) In order to deter employee theft, it is best.
Homework Answers
11 Views

121) Companies lose billions of dollars each year due to
Homework Answers
View Answer

70) Management consulting firm McKinsey and Company claims that ________

  70) Management consulting firm McKinsey and Company claims that ________ of the pricing problems on new products are the result of companies setting prices that are too low. A) 10 to 20 percent B) 40 to 50 percent C) 60 to 70 percent D) 80 to 90 percent 71) Market penetration.
Homework Answers
18 Views

70) Management consulting firm McKinsey and Company claims that ________
Homework Answers
View Answer

71) Assets represent what a business owns, while liabilities represent

  71) Assets represent what a business owns, while liabilities represent the claims creditors have against a company's assets. 72) The income statement is based on the fundamental accounting equation: 73) On the income statement, the cost of goods sold represents the total cost, excluding shipping, of the merchandise sold during the year. 74).
Homework Answers
15 Views

71) Assets represent what a business owns, while liabilities represent
Homework Answers
View Answer

51) Port Royal's net profit-to-equity ratio is: A) 23.8 percent. B) 37.4

  51) Port Royal's net profit-to-equity ratio is: A) 23.8 percent. B) 37.4 percent. C) 16.1 percent. D) 232.7 percent. 52) A business should provide the owner with a reasonable rate of return based upon: A) the time and money invested in the business. B) industry averages. C) the capital borrowed from the bank. D) an acceptable annual salary. 53) Ideally,.
Homework Answers
52 Views

51) Port Royal's net profit-to-equity ratio is: A) 23.8 percent. B) 37.4
Homework Answers
View Answer

1) In order to reach profit objectives, entrepreneurs must be

  1) In order to reach profit objectives, entrepreneurs must be aware of their firms': A) current ratio and liabilities. B) fixed assets and owner's equity. C) assets and liabilities. D) overall financial position and any changes in the financial status. 2) The ________ shows what assets the business owns and what claims creditors and owners.
Homework Answers
40 Views

1) In order to reach profit objectives, entrepreneurs must be
Homework Answers
View Answer

141) From the information given, prepare a monthly cash budget

  141) From the information given, prepare a monthly cash budget for the next quarter (October through December) for the Laurens Corporation. 142) How much would Rent-A-Nerd have to borrow if its desired minimum cash balance is $4,000? a.$2,224 in Month 3 b.Nothing. Rent-A-Nerd's end of the month cash balance is below $4,000. c.$2,598 in.
Homework Answers
7 Views

141) From the information given, prepare a monthly cash budget
Homework Answers
View Answer

20) Management consulting firm McKinsey and Company states that more

  20) Management consulting firm McKinsey and Company states that more than ________ percent of the pricing problems on new products are the result of companies setting prices that are too low. A) 20 B) 40 C) 60 D) 80 21) When pricing a new product, a small business owner should strive to always satisfy.
Homework Answers
9 Views

20) Management consulting firm McKinsey and Company states that more
Homework Answers
View Answer

21) The fact that the cash budget illustrates the flow

  21) The fact that the cash budget illustrates the flow of cash in a business helps the owner to: A) accelerate accounts payable payments. B) get a seasonal line of credit rather than an annual line of credit. C) slow accounts receivable payments. D) track the effects of depreciation and bad debts. 22) By planning.
Homework Answers
64 Views

21) The fact that the cash budget illustrates the flow
Homework Answers
View Answer

31) To encourage credit customers to pay invoices promptly, a

  31) To encourage credit customers to pay invoices promptly, a business owner should: A) ensure that all invoices are clear, accurate, and timely. B) state clearly a description of the goods or services purchased and an account number. C) include a telephone number and a contact person in case the customer has a.
Homework Answers
13 Views

31) To encourage credit customers to pay invoices promptly, a
Homework Answers
View Answer

101) Operating ratios measure the extent to which an entrepreneur

  101) Operating ratios measure the extent to which an entrepreneur relies on debt capital rather than equity capital to finance the business. 102) The average inventory turnover ratio measures the number of times a company's inventory is sold out during the accounting period. 103) An inventory turnover ratio above the industry average.
Homework Answers
14 Views

101) Operating ratios measure the extent to which an entrepreneur
Homework Answers
View Answer

31) The ________ ratio measures the percentage of total assets

  31) The ________ ratio measures the percentage of total assets financed by a small company's creditors compared to its owners. A) debt B) times-interest-earned C) net sales to total assets D) total asset turnover 32) A high debt ratio: A) means that creditors provide a large percentage of the company's total financing. B) gives a small business.
Homework Answers
6 Views

31) The ________ ratio measures the percentage of total assets
Homework Answers
View Answer

136) Calculate Harry's break-even point. 137) Create a break-even chart for

  136) Calculate Harry's break-even point. 137) Create a break-even chart for Harry. 138) If Harry's profit target is $15,000, what level of sales must be achieved? 139) Suppose that a market survey indicates that Anthony's proposed business is likely to generate only $190,000 in sales. What net profit should Anthony expect to earn? 140).
Homework Answers
9 Views

136) Calculate Harry's break-even point. 137) Create a break-even chart for
Homework Answers
View Answer

136) How sales forecasts developed for an established business? How

  136) How are sales forecasts developed for an established business? How are sales forecasts developed for a new business enterprise? 137) Identify the "big three" of cash management. As a small business consultant, what would you recommend your clients do to control the "big three" more effectively? 138) What steps can a.
Homework Answers
7 Views

136) How sales forecasts developed for an established business? How
Homework Answers
View Answer

101) Communication in a timely and professional manner key to

  101) Communication in a timely and professional manner is key to effective collection activities. 102) Proper cash management techniques call for a small business owner to pay invoices as soon the invoices arrive. 103) Efficient cash managers set up a payment calendar each month, which allows them to pay their bills.
Homework Answers
8 Views

101) Communication in a timely and professional manner key to
Homework Answers
View Answer

91) Forty percent of industrial and wholesale sales credit, and

  91) Forty percent of industrial and wholesale sales are on credit, and 90 percent of retail sales are on account. 92) Most small businesses conduct a thorough credit investigation before selling to a new customer. 93) The first line of defense against bad debt losses is to have a financial institution extend.
Homework Answers
15 Views

91) Forty percent of industrial and wholesale sales credit, and
Homework Answers
View Answer

111) It much wiser to carry too little inventory rather

  111) It is much wiser to carry too little inventory rather than too much because there are no costs associated with carrying too little inventory. 112) Cash and quantity discounts allow business owners to receive a price break in the goods they purchase. 113) Bartering-exchanging goods and services for other goods and.
Homework Answers
28 Views

111) It much wiser to carry too little inventory rather
Homework Answers
View Answer

11) On a company's statement of cash flows, depreciation is: A)

  11) On a company's statement of cash flows, depreciation is: A) the difference between the total sources available to the owner and the total uses of those assets. B) listed as a source of funds because it is a noncash expense, already deducted as a cost of doing business. C) the owner's total.
Homework Answers
13 Views

11) On a company's statement of cash flows, depreciation is: A)
Homework Answers
View Answer

61) Serial entrepreneurs repeatedly start businesses and grow them to

  61) Serial entrepreneurs repeatedly start businesses and grow them to a sustainable size before striking out again. 62) Surveys show that small business owners believe that, as entrepreneurs, they work harder, earn more money, and are happier than if they worked for a large company. 63) The opportunity to reap impressive profits.
Homework Answers
6 Views

61) Serial entrepreneurs repeatedly start businesses and grow them to
Homework Answers
View Answer

71) There concern over the future of entrepreneurship because so

  71) There is concern over the future of entrepreneurship because so few high school and college students want to start their own companies. 72) The shift to a service economy has not had a significant impact on entrepreneurial opportunities. 73) Cloud computing allows businesses to use a variety of applications and.
Homework Answers
12 Views

71) There concern over the future of entrepreneurship because so
Homework Answers
View Answer

111) The net-sales-to-total assets ratio also referred to as the

  111) The net-sales-to-total assets ratio is also referred to as the total asset turnover. 112) The net-sales-to-total assets ratio measures a company's ability to generate sales in relation to its asset base. 113) Float is the net number of days of cash flowing into or out of a company. 114) The net.
Homework Answers
17 Views

111) The net-sales-to-total assets ratio also referred to as the
Homework Answers
View Answer

21) Analyzing financial ratios could alert a business owner to

  21) Analyzing financial ratios could alert a business owner to which of these problems? A) Excessive inventory B) Overextending credit C) Too much debt D) All of the above 22) Which of the following is not a liquidity ratio? A) Current ratio B) Total asset turnover ratio C) Quick ratio D) None of the above 23) The ________ ratio is.
Homework Answers
9 Views

21) Analyzing financial ratios could alert a business owner to
Homework Answers
View Answer

108) Explain the difference between absorption costing and variable (or

  108) Explain the difference between absorption costing and variable (or direct) costing. Which one is more useful when establishing prices? Why? 109) Explain the different kinds of credit a small business can offer its customers and the impact each has on pricing. 110) Explain the advantages and the disadvantages of a small.
Homework Answers
10 Views

108) Explain the difference between absorption costing and variable (or
Homework Answers
View Answer

90) Most stores find it most practical to use a

  90) Most stores find it most practical to use a flexible markup, which assigns various markup percentages to different types of products. 91) Below-market pricing strategies can be risky for small companies because they require businesses to constantly achieve high sales volume to remain competitive. 92) Even though cost-plus pricing is.
Homework Answers
10 Views

90) Most stores find it most practical to use a
Homework Answers
View Answer

104) What does it mean to "focus value" in relationship

  104) What does it mean to "focus on value" in relationship to establishing a price? In your response, discuss how customers recognize and evaluate value. 105) Name and explain the three basic pricing strategies a small business owner has in establishing a new product's price. 106) Describe two situations; one where.
Homework Answers
8 Views

104) What does it mean to "focus value" in relationship
Homework Answers
View Answer

132) Why cash a unique asset? What the advantages of

  132) Why is cash a unique asset? What are the advantages of efficient cash management? 133) Your friend Jake owns a business that is achieving phenomenal growth. Explain why it is said that: "Fast-growing companies are most likely to experience cash shortages." 134) The profits your small business is generating are high;.
Homework Answers
6 Views

132) Why cash a unique asset? What the advantages of
Homework Answers
View Answer

81) Since even the best sales forecast will be wrong,

  81) Since even the best sales forecast will be wrong, the small business owner should prepare three forecasts-optimistic, pessimistic, and most likely. 82) A sale to a customer is not really a sale until the business owner actually collects the money from it. 83) To project cash receipts, an entrepreneur must analyze.
Homework Answers
23 Views

81) Since even the best sales forecast will be wrong,
Homework Answers
View Answer

130) Were the bankers correct? Do you think Jim should

  130) Were the bankers correct? Do you think Jim should expand the business? 131) What level of sales would Birmingham's have to achieve if it wanted to make a $25,000 profit? 132) Construct a break-even chart for Birmingham's. 133) Compute a break-even point in dollars. 134) Suppose that the manufacturer desires a profit of.
Homework Answers
6 Views

130) Were the bankers correct? Do you think Jim should
Homework Answers
View Answer

Can't find what you're looking for ?

Ask our exprts a study questions, on us.
Get free Homework Help*