The percent of sales method does not provide a reasonable prediction of asset levels for instances
when there are economies of scale in the use of the asset being forecast and when asset purchases
are lumpy.
Indicate whether the statement is true or false
TRUE
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Refer to Table 23-8. In 2012, nominal GDP is a. $191.50, and real GDP is $170. b. $157, and real GDP is $170. c. $191.50, and real GDP is $157. d. $170, and real GDP is $227.50.
a) $191.50, and real GDP is $170 b) $157, and real GDP is $170 c) $191.50, and real GDP is $157 d) $170, and real GDP is $227.50
Which of the following statements about international marketing research is true?
A) International marketing research has declined over the past decade due to global economic decline. B) Conducting personal interviews in developing countries is generally less difficult and less expensive than doing so in developed nations. C) International researchers follow a different set of steps in marketing research than domestic researchers. D) Language translation in international marketing research typically increases costs and raises the risk of errors. E) International researchers benefit from useful secondary data that is available online, so primary data is typically unnecessary.
Working capital measures
A) the excess of current assets over current liabilities-what is on hand to fund business operations. B) the ability to earn a satisfactory income. C) the amount of debt in the company. D) the profitability of the business.
Which of the following accounts will be included in a post-closing trial balance?
A) Accumulated Depreciation—Building B) Rent Expense C) Interest Expense D) Service Revenue