A ____ is used for making many purchasing decisions for which accurate estimates are required and for estimating final project costs.
a. budgetary estimate
b. definitive estimate
c. rough order of magnitude estimate
d. final estimate
Answer: b. definitive estimate
You might also like to view...
The auditor notices significant fluctuations in key elements of the company's financial statements. If management is unable to provide an acceptable explanation, the auditor should:
A. consider the matter a scope limitation. B. intensify the examination with the expectation of detecting management fraud. C. withdraw from the engagement. D. perform additional audit procedures to investigate the matter further.
Social media allow marketers to build or tap into online communities, inviting participation from consumers and creating a long-term marketing asset in the process
Indicate whether the statement is true or false
Which of the following sales promotion tactics is recommended to a manufacturer whose
marketing objective is to liquidate inventories? A) offering free cases of a product for trial B) offering free trips to channel members C) offering trade allowances D) offering discount off list price for a certain time period
Refer to the following selected financial information from Texas Electronics. Compute the company's working capital for Year 2. Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
A. $147,200. B. $142,700. C. $111,700. D. $220,600. E. $232,700.