Imports to a country can be a good indicator of the potential demand for a new product.
Answer the following statement true (T) or false (F)
True
This is taken from the text.
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The cost of a copyright should?
A) ?be amortized over a period not to exceed the life of the author plus 50 years. B) ?be amortized over a period not to exceed 20 years, unless the right is renewed. C) ?not be amortized and the cost should be capitalized as an asset with indefinite life. D) ?be amortized over a period not to exceed its economic life.
Assume that the balance of accounts payable does not change during a period. When preparing a statement of cash flows, an increase in ending inventory over beginning inventory will result in an adjustment to net income under the indirect approach because
a. the amount of cost of goods sold is equal to the amount of cash paid for purchases. b. consumed inventory is an expense but not a use of funds. c. the amount of cost of goods sold on an accrual basis is less than the amount of cash paid for purchases of inventory. d. the amount of cash paid for purchases of inventory is less than the amount of cost of goods sold on an accrual basis.
Which of the following is a true statement?
a. The direct materials purchases budget is determined from the direct labor budget. b. The only budget providing input into the revenue budget is the sales budget. c. The direct materials purchases budget and the capital expenditures budget are both determined from the production budget. d. The selling and administrative expense budget is input into the forecasted cost of goods sold.
Expectancy theory is about ______.
A. clearing the path for followers B. rewarding followers for meeting their goals C. establishing work group norms D. anticipating leaders’ needs