Dante's Designs Has Current Assets of $57,000 Long-Term Assets of $139,000

question 158

Multiple Choice

Dante's Designs has current assets of $57,000 long-term assets of $139,000 current liabilities of $49,000 long-term liabilities of $93,000. Dante's debt ratio is: (Round your final answer to the nearest whole number.)

• A)86%.
• B)67%.
• C)35%.
• D)72%.

Comprehend the levels of need awareness in the buying process.

Describe effective sales presentation techniques including the FAB selling technique.

Understand the stages of the consumer buying decision process.

Identify factors that can alter purchase intentions post-decision.

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Definitions:

Lockbox System

A service provided by banks to companies for the collection of payments from customers, involving the use of a special post office box.

Cash Conversion

The process by which a company turns its inventory or other current assets into cash, often measured through cycles or time periods.

Usable Cash

The portion of cash balances that is readily available for business operations or other immediate use, excluding reserved or allocated funds.

Target Cash Balance

The desired cash balance that a firm plans to maintain in order to conduct business.