The percent of sales method assumes that all assets and all liabilities increase proportionally with
sales, but retained earnings does not.
Indicate whether the statement is true or false
FALSE
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John's fascination for his grandmother's sherbet recipes inspired him to come up with a recipe for SherBetter, a gourmet sherbet for the American market. Which of the following stages of the new product development process does this exemplify?
A) idea screening B) idea generation C) concept testing D) product development E) product manufacturing
Which of the following statements regarding Wheeled Coach is FALSE?
A) Wheeled Coach has found competitive advantage through MRP. B) Wheeled Coach builds ambulances in a repetitive process. C) Wheeled Coach's MRP system allowed the company to meet tight schedules, but caused inventory to rise. D) Wheeled Coach's MRP system maintains excellent record integrity. E) Low inventory and high quality are two positive outcomes of Wheeled Coach's use of MRP.
In the context of organizational discipline, civil rights legislation requires management to:
A. limit the right to due process to minority employees only. B. avoid disciplinary actions on protected classes. C. protect women and minorities against any disciplinary actions. D. ensure that disciplinary actions are not discriminatory.
Which of the following statements regarding capital leases is FALSE?
A) Because capital leases increase the apparent leverage on the firm's balance sheet, firms sometimes prefer to have a lease categorized as an operating lease to keep it off the balance sheet. B) The firm does not report the present value of the future lease payments as a liability on the balance sheet. C) The asset acquired is listed on the lessee's balance sheet, and the lessee incurs depreciation expenses for the asset. D) They are viewed as an acquisition for accounting purposes.