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NEW QUESTION: 1
What do 74% of retailers believe will become business critical?
A. globalization, consolidation, and format building
B. a more engaging in-store customer experience
C. differentiated customer experience across channels
D. increasing operational efficiency and optimized technology
Answer: B

NEW QUESTION: 2
The best reason for separating the cash-receiving function from the related record-keeping function is to:
A. Minimize misappropriations in cash receipts.
B. Improve physical security over the cash-receiving function.
C. Provide accountability for cash received.
D. Segregate cash payments from cash receipts.
Answer: A

NEW QUESTION: 3
A firm's ROE equals 47%. Its financial leverage (assets/equity) equals 1.8 and its asset turnover is 0.8.
If the firm's total net sales equal $1.35 million, its net income equals ________.
A. $352,500
B. $440,625
C. $282,000
Answer: B
Explanation:
ROE = net income/equity = (net income/sales)*(sales/assets)*(assets/equity) = (net income/sales)*(asset turnover)*(financial leverage) Therefore, net income = 0.47*1.35/(0.8*1.8) million =
4 40,625.

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