MANA 3325 Questions and Answers
a "movie" is a description of which type of financial statement - answer income
statement
which of the following rations would be considered a liquidity ration - answer quick
ratio
the formula...(current assets)/(current liabilities)= - answer current ratio
calculate the gross sales needed for a company to make $50,000 in profit based on the
following data: gross sales=150,000, cost of sales=135,000, net income=-42,000 (a
loss) - answer 1,170,000
fill in the blank: cash is - answer key to all business success
list 3 out of the 5 cash management roles of the entrepreneur - answer cash finder
cash distributor
cash collector
cash equals profits - answer true
when attempting to forecast sales you should always prepare three seperate forecasts.
they would be called - answer pessimistic
optimistic
most likely
when projecting cash flow the BIG THREE types of balance sheet accounts that should
be considered do not include which of the following - answer cash
when handling overdue account receivable all of hte following are recommended
procedures except - answer delay making the call
value is laregly defined by the perception of the individual verses being calculated
based on subjective criteria - answer true
define fair market value - answer the price that a buyer who is not under pressure
will pay when purchased from an informed seller who is not under pressure to sell
which of the following formulas best defines value - answer value=benefits/cost
list three things that can either increase or decrease value - answer commodity
barriers
, timeliness
there are three basic pricing strategies that can be used when introducing a new
product. which one of the following is NOT one of those - answer early adoption
fill in the blank: a pricing technique in which a company sets different prices on the
same products and services for different customers using the information that it collects
about its customers is called - answer dynamic pricing
what would be the price you would charge for a product if you calculated a 150%
markup on cost for a product when the product cost is $10 - answer $15.00
Percent (of cost) markup=dollar markup/retail price
what would be the percent of retail price markup if a product sold for $45 and it cost $15
- answer 66%
Percent (of retail price)=dollar markup/retail price
calculate the breakeven sales volume for a company with the following data: gross
sales=150,000, gross profit=50,000, and fixed cost=40,000 - answer 150,000
the three elements of a mission statement include all of the following except - answer
business the company is in
define competitive advantage - answer any aspect of how you operate your business
that is difficult for your competitors to copy and which customers appreciate and
respond to.
in the context of assessing a companys strengths and weaknesses, define strength -
answer a positive internal factor that inhibits you and your company to reach its
mission, goals, or objectives
list three potential strengths - answer loyal customers
special skills
special knowledge
which of the following threats were not listed in the book as a threat - answer
environmental disaters
which of the following types of competitors was listed in the book and represents the
greatest potential threat - answer direct competitor
goals are both - answer long range and abstract
list three of the six charcteristics of objectives - answer SMARTW
a "movie" is a description of which type of financial statement - answer income
statement
which of the following rations would be considered a liquidity ration - answer quick
ratio
the formula...(current assets)/(current liabilities)= - answer current ratio
calculate the gross sales needed for a company to make $50,000 in profit based on the
following data: gross sales=150,000, cost of sales=135,000, net income=-42,000 (a
loss) - answer 1,170,000
fill in the blank: cash is - answer key to all business success
list 3 out of the 5 cash management roles of the entrepreneur - answer cash finder
cash distributor
cash collector
cash equals profits - answer true
when attempting to forecast sales you should always prepare three seperate forecasts.
they would be called - answer pessimistic
optimistic
most likely
when projecting cash flow the BIG THREE types of balance sheet accounts that should
be considered do not include which of the following - answer cash
when handling overdue account receivable all of hte following are recommended
procedures except - answer delay making the call
value is laregly defined by the perception of the individual verses being calculated
based on subjective criteria - answer true
define fair market value - answer the price that a buyer who is not under pressure
will pay when purchased from an informed seller who is not under pressure to sell
which of the following formulas best defines value - answer value=benefits/cost
list three things that can either increase or decrease value - answer commodity
barriers
, timeliness
there are three basic pricing strategies that can be used when introducing a new
product. which one of the following is NOT one of those - answer early adoption
fill in the blank: a pricing technique in which a company sets different prices on the
same products and services for different customers using the information that it collects
about its customers is called - answer dynamic pricing
what would be the price you would charge for a product if you calculated a 150%
markup on cost for a product when the product cost is $10 - answer $15.00
Percent (of cost) markup=dollar markup/retail price
what would be the percent of retail price markup if a product sold for $45 and it cost $15
- answer 66%
Percent (of retail price)=dollar markup/retail price
calculate the breakeven sales volume for a company with the following data: gross
sales=150,000, gross profit=50,000, and fixed cost=40,000 - answer 150,000
the three elements of a mission statement include all of the following except - answer
business the company is in
define competitive advantage - answer any aspect of how you operate your business
that is difficult for your competitors to copy and which customers appreciate and
respond to.
in the context of assessing a companys strengths and weaknesses, define strength -
answer a positive internal factor that inhibits you and your company to reach its
mission, goals, or objectives
list three potential strengths - answer loyal customers
special skills
special knowledge
which of the following threats were not listed in the book as a threat - answer
environmental disaters
which of the following types of competitors was listed in the book and represents the
greatest potential threat - answer direct competitor
goals are both - answer long range and abstract
list three of the six charcteristics of objectives - answer SMARTW
