Trading securities are reported on the balance sheet at cost
a. True
b. False
Indicate whether the statement is true or false
False
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A capital expenditures budget summarizes the decisions made for the acquisition of fixed assets for several future years
Indicate whether the statement is true or false
During the third (and final) proofreading stage of your formal report, you should check for ________
A) word and content meaning B) grammar, punctuation, and usage errors C) formatting and consistency D) research citation
ABC Appliance offers a warranty requiring an annual fee. The warranty may be purchased at the time of sale or at any time within the first year after the appliance was purchased
The warranty fee after the date of purchase is twice the time-of-purchase fee. When asked why the fee was higher after the date of purchase, ABC's president said, "Buying a warranty is voluntary. We've noted that those who buy the warranty after the purchase date have a greater need for service." Charging the same rate or a lower rate after the date of purchase would expose ABC to what problem that also impacts private insurers? A) excessive premiums B) reduced claims C) bad investments D) adverse selection
Which one of the following best characterizes a marketing information system (MIS)?
A. An MIS is an orderly gathering of information that is not supplied through routine reporting systems such as sales reports and accounting data. B. An MIS provides a continuous flow of information about such things as distribution costs, prices, sales, and advertising expenses. C. An MIS is conducted on a special-project basis when needed. D. An MIS requires adjustments to its techniques to adapt to environmental circumstances and is in reality part of the accounting system. E. An MIS involves internal information collection about employees and customers.