One of the functions of a finance manager is ________
A) to forecast for the coming period
B) to forecast for the present period
C) to forecast for the past period
D) to forecast for the present and future periods
Answer: A
You might also like to view...
A decentralized organization is one in which:
A) each employee in the organization is given permission to make decisions about their company. B) only top-level management is given decision-making authority. C) managers at various levels throughout the organization are given decision-making authority. D) each stockholder is given decision-making authority.
For each item shown below, classify it as a product cost or a period cost, by placing an X in the appropriate column. For each item that is a product cost, also indicate whether it is a direct cost or an indirect cost with respect to a unit of finished product. ?Product or period cost?Direct or indirect cost?Cost itemProductPeriodDirectIndirect Administrative salaries???? Direct labor???? Advertising???? Property tax on the factory???? Factory maintenance???? Direct materials???? Depreciation on factory equipment???? Interest expense???? Factory supplies????
What will be an ideal response?
Roald writes a check for $700 to Savannah. Savannah indorses the check in blank and transfers it to Twitchell, who alters the check to read $7,000 and presents it to Union Bank, the drawee, for payment. The bank cashes it. Roald discovers the alteration and files a suit against the bank. Roald can recover
A. $7,000. B. $6,300. C. $700. D. 0.
Calumet Pottery Supply allows a 10 percent reduction off its list price of Jepson clay whenever an intermediary orders more than 100 cases in one shipment. This is a
A. noncumulative quantity discount. B. seasonal discount. C. cumulative quantity discount. D. PM. E. cash discount.