Max's Tire Center Company
Selected Data from the Financial

question 43

Multiple Choice

Max's Tire Center Company
Selected data from the financial statements of Max's Tire Center are provided below.
$\begin{array}{lcc}&2012&2011\\\text { Total stockholders' equity } & \$ 350,000 & \$ 278,000 \\\text { Current liabilities } & 45,000 & 42,000 \\\text { Total liabilities \& stockholders' equity } & 500,000 & 490,000 \\\text { Cash flow from operations } & 350,000 & 290,000 \\\text { Net sales } & 370,000 & 360,000 \\\text { Capital expenditures } & 150,000 & 130,000\end{array}$
-Refer to the selected data provided for Max's Tire Center. Which of the following would result from a horizontal analysis of Max's total stockholders' equity in 2012?

• A) Total stockholders' equity increased $72,000 or 25.9% during 2012.
• B) Total stockholders' equity increased $72,000 or 29.5% during 2012.
• C) Total stockholders' equity is 70.0% of total assets in 2012.
• D) Total liabilities & stockholders' equity is $500,000 in 2012.

Understand the role of HRM in career development, retirement, and addressing employee apprehensions.

Grasp the concept of job fit and its importance in employee and organizational performance.

Understand the impact of unions and employment-at-will principles on employment practices.

Understand the concept of person-job and person-organization fit.

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Definitions:

Overextension

A language development error in which a child applies a word to more objects than it actually represents, demonstrating an understanding but not precise use of words.

Oversemanticizing

The process of excessively analyzing or interpreting the meanings of words beyond their direct or literal context.

Gestural Language

A form of non-verbal communication using movements of the hands, arms, or body to convey messages.

Auditory Contact

The perception of sounds by the ear or the psychological connection and communication established through hearing.