A farming goods supply company observes that recent low rainfall over much of the area that it services has resulted in a significant drop in sales
Management decides to change the thrust of their strategy from sales of tractors, harvesters and other such equipment to piping, pumps, sprinklers, and irrigation supplies. Which of the following statements would most accurately direct the rate and need for this change?
A) Once the rate of change has been set, it cannot be altered.
B) Too rapid a rate of change does not give people time to adapt to the change.
C) Too slow a rate of change might cause the conditions that created the need for it to shift significantly.
D) A slow rate of change can be frustrating for those people who want to see some concrete results for their efforts.
Answer: C
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Gentech, Inc is an integrated circuit (microchip) manufacturer based out of New Jersey. Its principal products include microprocessors and motherboard chipsets. Selected financial statement values for Gentech are shown in the table, below
What is the degree of operating leverage for Gentech given the change in revenues from Year 1 to Year 2? Gentech Inc ($000s) Year 1 Year 2 Revenues $70,000 $75,000 Cost of Goods Sold 45,000 48,500 SG&A 13,000 13,500 Depreciation 3,000 3,200 EBIT 9,000 9,800 A) 0.13 B) 1.17 C) 1.00 D) 1.24 E) 0.75
The operating cycle is the length of time a firm's cash is tied up between payment for production inputs and receipt of payment from the sale of the resulting finished product
Indicate whether the statement is true or false