A variable ratio plan adjusts a portfolio by
A)
holding asset weights constant.
B)
increasing or decreasing all asset weights in response to income changes.
C)
increasing the weight of assets that have performed well in the recent past.
D)
increasing the weight of assets that have performed poorly in the recent past.
c
D
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The following data are pulled from a recent Walsh Manufacturing annual report
Assets Raw material inventory $120,000 Work-in-process inventory $50,000 Finished goods inventory $300,000 Property, plant & equipment $500,000 Other assets $200,000 Total assets $1,170,000 Condensed Income Statement Revenue $2,000,000 Cost of goods sold $600,000 Other expenses $1,000,000 Net income $400,000 Calculate: (a) Percent invested in inventory, (b) Inventory turnover, and (c) Weeks of supply.
A client-server application that requires nothing more than a browser is called ________
A) a native application B) adware C) firmware D) a thin-client application