Which of the following statements is not true concerning the monthly income and expense plan?
A)
Each month's expenses are planned not to exceed the month's income.
B)
The year's expenses and income are detailed by each month.
C)
Some monthly allocations are made by simply dividing the annual estimate by 12.
D)
It may indicate the need for effective cash management.
A
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Indirect involvement as a channel strategy requires a company to establish franchised outlets
Indicate whether the statement is true or false
Intercom, Inc together with its subsidiaries, primarily engages in the generation, transmission, and distribution of electric power in the United States. The company observes that its growth has stagnated over a period of two years
In an attempt to promote growth, it considers adding new features to the existing products and introducing a few new products. The company forms a committee consisting of three top executives, one of the production mangers, a few operational managers, and a representative of the HR department to generate ideas. This team is called a(n) ________. A) virtual team B) venture team C) fundamental team D) elemental team E) transitory team
You are examining two different MMMFs. Fund A is tax-exempt and pays 5%. Fund B is taxable and pays 6%. You live in a state that imposes no income taxes and are in a 28% federal tax bracket. At what tax rate would the two funds have identical yields?
A) 16.67% B) 17.76% C) 20.23% D) 28.00% E) Cannot determine from the information provided
Jordan bought a 4% semi-annual coupon bond with 25 years to maturity at par value of $1,000. If the required rate of return (yield to maturity )of this bond increases to 4.25%, by how much does the value of the bond change?
A) minus $38.04 B) plus $39.28 C) minus $38.27 D) The value does not change if Jordan intends to hold the bond to maturity.