Wickers Restoration Services had the following transactions on May. 1. Received $48,000 from sale of common stock.
2. Paid rent on office for the month, $880.
3. Purchased supplies on account, $1,750.
4. Earned fees, receiving cash, $12,600.
5. Paid creditor on account, $1,000.
6. Paid automobile expenses for month, $375, and miscellaneous expenses, $250.
7. Paid office salaries for the month, $3,900.
8. Earned fees which the customer will pay next month, $2,400.
9. Determined that the cost of supplies used was $280.
10. Paid dividends, $2,400.

Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing

In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?