Which of the following items would not be found in the financing section of the cash budget?
a. cash payments for debt retirement
b. cash payments for interest
c. cash payments for sales of investments
d. payment of accounts payable
D
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American Corporation purchased a 3-month U.S. Treasury bill. In preparing American's statement of cash flows, this purchase would
a. be treated as an outflow from investing activities. b. be treated as an outflow from operating activities. c. have no effect. d. be treated as an outflow from financing activities.
A _______ is the supplier firm's repository for all relevant information about past and present customers
For each customer, it should contain transaction prices and profits from past orders, costs to serve, an estimate of the supplier's share of the customer's business, a forecast of potential sales, important customer firm characteristics, the names of buying team members and their roles in purchase decisions, previous account call reports, product or service applications, and relevant buying practices, policies, and patterns. (p. 338; Use of IT) a. customer relationship management (CRM) system b. customer database c. market database d. prospecting plan
Car loans and home loans that require monthly payments are sometimes referred to as installment notes.
Answer the following statement true (T) or false (F)
A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of $56,250 in the current period. The ending balance in retained earnings equals:
A. $490,000. B. $426,250. C. $116,250. D. $546,250. E. $433,750.