BUSN 11 -INSTRUCTOR'S. EDITION
11th Edition
ISBN: 9781337407175
Author: Kelly
Publisher: CENGAGE L
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Chapter 8, Problem 6LO
Summary Introduction
To discuss: The managerial accounting role and the cost concepts determined by the managerial accountants.
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Listed here, are the 2018 and 2019 balance sheets.
motors.
and income statements,, for Otago Bay Marine Motors, a major manufacturer of top-of-the-line outboard
a. On the basis of the information provided, calculate the following financial ratios for 2018 and 2019:
b. Considering the financial ratios you computed, along with the industry averages, how would you characterize the financial condition of Otago Bay Marine Motors?
Explain.
a. Calculate the following financial ratios for 2018 and 2019. (Round to two decimal places.)
Current ratio
Otago Bay Marine Motors
2019
2018
d-f
InsureCo salespeople talk to each other using insurance industry jargon. Which adverse business effect can using "industry gibberish" have on InsureCo's operations?
Select an answer:
Communication will not always be clear among other employees.
Older workers will make generalizations about younger workers.
New employees cannot be onboarded in that type of environment.
Jargon does not have a specific meaning within the company.
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BUSN 11 -INSTRUCTOR'S. EDITION
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- I need to get more details by doing homeworks and exams.arrow_forwardCole Company has sales revenue of $39,000, cost of goods sold of $24,000, and operating expenses of $9,000 for the year ended December 31. Cole's gross profit is: a. $6,000 b. $15,000 c. $30,000 d. $0arrow_forwardProvide correct answerarrow_forward
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