Funds that are for identified risks that have a low probability of occurring and that decrease as the project progresses are called ________ reserves.
A. Management
B. Just in case
C. Budget
D. Contingency
E. Padded
Answer: C
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Which of the following is true of unprofitable customers?
A) They produce a referral value that is over three times their customer lifetime value. B) They are loyal customers in waiting. C) They buy a lot from many companies and do not have a strong preference for one over the other. D) They have a low desire to repurchase but are unable to move easily to another company's product. E) They are a result of mismanaged customer selection.
U.S. GAAP allows a company to capitalize more of the costs of internally generated assets than allowed under IFRS
Indicate whether the statement is true or false
Which of the following is a manufacturer-related service offered by retailers in a one-level
distribution channel structure? A) setting up new products and services B) advising customers on products and services C) gathering information from customers D) negotiation on final price, as well as loan preparation
Jazzy Inc reported sales revenue of $550,000 on their income statement for 2011. From the beginning until the end of 2011, accounts receivables increased by a net amount of $35,000. How much "cash collections from customers" should Jazzy report for 2011 on their statement of cash flows?
A) $550,000 B) $585,000 C) $515,000 D) $ 35,000