Which of the following triggers the systems selection process?
a. logical specification
b. physical requirements
c. both a and b
d. neither a nor b
C
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Which of the following statements is true?
A. In preparing a budget, information flows occur only from the bottom up. B. Employees often find that budgets are constraining and limiting. C. The attitudes and actions of upper-level management have little impact on the effectiveness of a company's budget. D. Participative budgeting means that a company's budget should be prepared by lower-level employees.
Panther Company does not want to bear the risk that interest rates may increase in year two of the loan. Aegean Company believes that rates may decrease and they would prefer to have variable debt. So the two companies enter into an interest rate swap agreement whereby Aegean agrees to make Panther's interest payment in 2015 and Panther likewise agrees to make Aegean's interest payment in 2015
The two companies agree to make settlement payments, for the difference only, on December 31 . 2015 . If the interest rate on January 1 . 2015, is 1 . percent, what will be Panther's settlement payment to/from Aegean? a. $6,000 payment b. $6,000 receipt c. $12,000 payment d. $12,000 receipt
With regard to dividend payments, which of the following is included in the contractual constraints imposed by loan agreements?
A) limiting the payment to suppliers B) limiting the percentage of earnings that can be paid out in dividends C) sustaining a constant dividend payout ratio D) making fixed payment to equityholders
The Purina Company would use a job-order costing system to account for the costs of making its premium dog food.
Answer the following statement true (T) or false (F)