One major difference between a merchandiser’s master budget and a manufacturer’s master budget is that a : a merchandiser does not include direct materials, direct labor, and manufacturing overhead budgets, whereas a manufacturer does. b : a merchandiser does not include a sales budget, whereas a manufacturer does. c : a manufacturer does not include a sales budget, whereas a merchandiser does. d : a manufacturer does not include direct materials, direct labor, and merchandising overhead budgets, whereas a merchandiser does.

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.