Which one of the following statements is true?
a. The audit committee provides contact between the board of directors and the key officers of the company.
b. The audit committee has become less involved in the financial accounting system as a result of the Foreign Corrupt Practices Act.
c. The audit committee is a board of directors subset that acts as a direct contact between the stockholders and the independent accounting firm.
d. The board of directors consists of the company's external auditors.
c
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A company's return on capital is ________
A) invested capital divided by net marketing contribution B) net profit multiplied by invested capital C) net profit divided by invested capital D) net marketing contribution divided by invested capital E) invested capital divided by net profit
Jiahui needs to hire a high-level executive in the area of operations. To avoid attracting unqualified applicants she wants to closely target her audience. Her best external recruitment source would be ______.
A. specialized publications B. the Internet C. local mass media D. public agencies
The four primary elements in a firm's credit policy are (1) credit standards, (2) discounts offered, (3) credit period, and (4) collection policy.
Answer the following statement true (T) or false (F)
The following information was taken from the production budget of Piwte Corporation for next quarter: JanuaryFebruaryMarchUnits to be produced128,000140,000152,000Desired ending inventory of finished goods30,00036,00038,000?How many units is the company expecting to sell in the month of February?
A. 134,000 B. 132,000 C. 135,000 D. 138,000