Webster, Inc. has sales of $267,000, costs of goods sold of $149,000, and average accounts receivable of $18,400. On average, how long does it take its credit customers to pay for their purchases?

A) 8.10 days
B) 14.51 days
C) 25.15 days
D) 38.81 days
E) 45.07 days

Which of the following is true concerning diversification? Assume that the securities being considered for selection into a portfolio are not perfectly correlated.

A) The risk of the portfolio is certain to be increased as securities are added.
B) As more securities are added to the portfolio, the market risk of the portfolio declines.
C) After about 10 securities are added to the portfolio, additional securities have essentially no impact on reducing risk.
D) As more and more securities are added to the portfolio, the level of risk approaches the level of systematic risk in the market.
E) If you hold more than 100 securities, then the portfolio is risk-free.

The five core leadership styles in the Vroom-Jago leadership model are: decide,consult individually,facilitate,consult team,and delegate.

Bruna was named employee of the year for her contribution in planning and implementing a project that increased the company's net worth. What factor contributes to the culture of an organization is illustrated in this scenario?

A) Ceremonies
B) Metaphors
C) Stories
D) Art décorsIn this culture, employees are valued and rewarded for efficient and effective work.LO 2.3: Recognize the need to be aware of organizational culture for effective communicationLearning Objective LO 2.3: Recognize the need to be aware of organizational culture for effective communication
Topic/Concept
Be Aware of Organizational Culture
Difficulty Level
(mark X where applicable)
Easy
Moderate
DifficultSkill Level (mark X where applicable) Apply What You Know
Analyze It
Evaluate It
Question TitleM/C Question 15Assessment Type
Multiple-choice

As compared to casework group work focused on

A) Group processes
B) Study, diagnosis and treatment
C) Members' weaknesses
D) Worthy people who were the victims of industrialization

Addleman Corporation has an activity-based costing system with three activity cost pools--Processing, Supervising, and Other. In the first stage allocations, costs in the two overhead accounts, equipment expense and indirect labor, are allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Distribution of Resource Consumption Across Activity Cost Pools:
Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow:Activity:
Finally, the costs of Processing and Supervising are combined with the following sales and direct cost data to determine product margins.Sales and Direct Cost Data:
What is the product margin for Product H3 under activity-based costing?

A) $10,548
B) $4,398
C) $14,700
D) $36,300