Sustainability is being increasingly recognized as a source of cost efficiencies and revenue growth.
Answer the following statement true (T) or false (F)
True
A CEO survey on sustainability by Accenture debunks the notion that sustainability and profitability are mutually exclusive corporate goals. The study found that sustainability is being increasingly recognized as a source of cost efficiencies and revenue growth. In many companies, sustainability activities have led to increases in revenue and profits.
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Which of the following could test the assertion of cutoff for payroll-related liabilities?
A. Compare items in accrued payroll taxes to the supporting payroll tax return. B. Search for unrecorded liabilities. C. Review payroll liabilities for proper classification as short- or long-term. D. Examine payroll tax returns to determine that the expense was recorded in the proper period.
A company has developed a new cell phone that will be targeted at developing countries. It is estimated that the demand for the new product will initially be slow but would accelerate gradually as the product becomes increasingly familiar to worldwide consumers. In order to determine the number of workers necessary to staff the new production facilities, the company needs to conduct a(n)
A. demand forecast. B. inventory calculation. C. utilization survey. D. market search. E. recruitment drive.
Montgomery Company experienced the following events during Year 1 (all were cash events):1. Issued a note2. Paid operating expenses3. Issued common stock4. Provided services to customers5. Repaid part of the note in event 16. Paid dividends to stockholdersRequired: Indicate how each of these events affects the accounting equation by writing the letter "I" for increase, the letter "D" for decrease, and "NA" for no effect under each of the components of the accounting equation. Use only one item of entry in each column. (The effects of the first event are shown below.)
What will be an ideal response?
In a sale of goods, the use of the term "as is" indicates
a. to the buyer that there are no implied warranties upon which the buyer may depend. b. that in a sale the seller warrants that the goods are merchantable. c. to the buyer that a sales contract needs no consideration. d. that the sale includes most implied warranties.