Total current assets for Howard's Hotdogs are $75,000. Total current liabilities are $32,000. What is the current ratio of assets to libilities?

1.   ?    $2.00 of current assets for every $1 of current liabilities
2.   ?    $2.34 of current assets for every $1 of current liabilities
3.   ?    $2.54 of current assets for every $1 of current liabilities
4.   ?    $4.26 of current assets for every $1 of current liabilities

XYZ DECA chapter sold $5,800 worth of candy last year. A 9% increase in sales is projected for this year based on increased chapter membership and new candy varieties. XYZ DECA is projecting sales for this year to be:

1.   ?    $5,220
2.   ?    $6,322
3.   ?    $16,200
4.   ?    $52,200

A Rolex is considered an expensive watch for the wealthy. A Timex is considered an inexpensive watch for the thrifty. These images illustrate successful:

1.   ?    Marketing mixes.
2.   ?    Product positioning.
3.   ?    Sales forecasting.
4.   ?    Sales quota.

Latoya's total sales for this week were $1,239. Latoya's manager set her quota for this week 5% higher. How much more will Latoya have to sell to meet her sales quota?

1.   ?    $61.95
2.   ?    $96.50
3.   ?    $619.50
4.   ?    $6,195

David borrowed $180,000 from his bank to start his dry cleaning business. His repayment plan requires payments of $1,500 a month. How long will it take David to pay back his loan?

1.   ?    5 years
2.   ?    10 years
3.   ?    12 years
4.   ?    15 years

Total fixed costs per unit are $4.50, selling price per unit is $10.00 and variable costs per unit are $1.00. The manufacturer plans to produce 5,000 units. What is the break-even point?

1.   ?    500
2.   ?    2,500
3.   ?    5,000
4.   ?    10,000

The point at which the income from product sales equals the cost of making and distributing the product is:

1.   ?    Break-even.
2.   ?    Economic outlook.
3.   ?    Market share.
4.   ?    Net income.

When the price of airline tickets decreases, there is an increase in travel. This trend can assist the airline in forecasting future ticket sales. This is:

1.   ?    Break-even point.
2.   ?    Economic outlook.
3.   ?    Product positioning.
4.   ?    Sales quota.

A sales goal assigned to a sales person for a specified period of time is a:

1.   ?    Sales analysis.
2.   ?    Sales forecast.
3.   ?    Sales quota.
4.   ?    Sales ratio.

Placing a product in a certain market to get desired customer response is:

1.   ?    Advertising.
2.   ?    Market share.
3.   ?    Product positioning.
4.   ?    Target marketing.

The financial statement that shows the movement of money in and out of the business is the:

1.   ?    Break-even point.
2.   ?    Cash flow.
3.   ?    Income.
4.   ?    Net profit.

A statement showing how and when the debt of a business will be paid is a/an:

1.   ?    Balance sheet.
2.   ?    Debt plan.
3.   ?    Income statement.
4.   ?    Repayment plan.

A company had gross sales of $109,000 and a net profit of $27,000. What is the sales ratio?

1.   ?    22%
2.   ?    25%
3.   ?    50%
4.   ?    52%

Dillard's is projecting a 52% increase in sales during the month of December. This is a:

1.   ?    Sales forecast.
2.   ?    Sales quota.
3.   ?    Sales ratio.
4.   ?    Sales tip.

Which is NOT a financial tool that utilizes sales projections?

1.   ?    Balance sheet
2.   ?    Cash flow statement
3.   ?    Inventory
4.   ?    Repayment plan