If a firm currently has excess capacity, then using the percent of sales method to forecast its fixed
asset balance will likely result in an overestimate of the fixed asset balance and an inflated amount
of discretionary financing needed.
Indicate whether the statement is true or false
TRUE
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To calculate budgeted direct labor costs, multiply the number of units to be produced by the number of projected direct labor hours. Next, multiply that total by the average direct cost per hour
Indicate whether the statement is true or false
Bribing foreign officials to obtain favorable business contracts is not a crime
a. True b. False Indicate whether the statement is true or false
The operations of Metal Refining Industries, Inc, are major sources of air pollution. These operations must use
a. the absolutely cleanest air technology. b. the best available filter technology. c. the maximum achievable control technology. d. the most affordable scrubbing technology.
The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The fourth digit designates a(n)
A. specific industry. B. industry group. C. individual country-level national industry. D. sector of the economy. E. industry subsector.