Sales tax payable is a liability account that is debited when payment of tax is made to the taxing authority
Indicate whether the statement is true or false
true
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Buyers expect products to have high ________, which is the degree to which all the produced units are identical and meet the promised specifications
A) durability B) compatibility C) conformance quality D) form E) performance quality
A(n) _____ uses statistical and other analyses to automate the loan underwriting process, loan origination, collateral scoring, and appraisal.
Fill in the blank(s) with the appropriate word(s).
The weakness of the judgmental approach to preparing a pro forma balance sheet is ________
A) the assumption that the values of certain accounts can be forced to take on desired levels B) the assumption that the firm faces linear total revenue and total operating cost functions C) the assumption that the firm's past financial condition is an accurate predictor of its future D) ease of calculation and preparation
Cash flows are affected by financial planning decisions. Which of the following is correct?
A) Car payments you make are cash outflows B) Investments you make in stock are cash inflows C) Your routine monthly expenses are cash inflows D) Your income is a cash outflow