The ________ budget is essential to every business.
A. cash
B. operational
C. cost
D. sales
E. production
Answer: A
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Information from the operating budgets of Roswell Fabricators follows: Selling and administrative expenses $ 140,000 Factory overhead 200,000 Sales 1,000,000 Cost of goods sold 450,000 Capital expenditures 100,000 If Northwest's income tax rate is 30%, what is the budgeted net income?
a. $287,000 b. $126,000 c. $410,000 d. $186,000
Performance indicators for nonbusiness organizations are usually formal budgets and donor restrictions
Indicate whether the statement is true or false
When a government adopts a policy of ________, it enforces rules on foreign firms in order to give home companies an advantage
A) gray marketing B) countertrade C) monopolistic competition D) economic sanctions E) protectionism
Commercial transactions involving the sale of goods, movable personal property, are governed by which of the following?
a. Article 2 of the Uniform Commercial Code b. Articles 1-3 of the Uniform Sale of Goods Code c. Article 1 of the Federal Sales Code d. Article 1 of the Uniform Credit Code