Unless necessary, highly technical presentations should be avoided.
Answer the following statement true (T) or false (F)
True
An overly complex, technical presentation should be avoided when it is unnecessary. Use words and materials that the buyer can understand easily.
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Which of the following is an example of the benchmarking function of the budgeting process?
A) A budget demands integrated input from different business units and functions. B) Budgeting requires close cooperation between accountants and operational personnel. C) Budget numbers are used to evaluate the performance of managers. D) The budget outlines a specific course of action for the coming period.
What firm tops the list of the most valuable global brand?
A. Toyota B. IBM C. Apple D. McDonald's E. Coca-Cola
For buildings, common depreciation practice assumes a zero salvage value on the assumption that the costs a firm will incur in tearing down the building will approximate the sales value of the scrap materials recovered
Indicate whether the statement is true or false
On January 1, Renoir Associates paid $6,400 for six months of rent. Assume no other adjusting entries have been done this fiscal year. What would the adjusting entry be on March 31?
A) Debit Rent Expense $1,067, credit Prepaid Rent $1,067 B) Debit Rent Expense $1,067, credit Cash $1,067 C) Debit Rent Expense $3,200, credit Prepaid Rent $3,200 D) Debit Rent Expense $3,200, credit Cash $3,200