Of the following components of a cash budget, generally the easiest to estimate would be the ________
A) cash sales
B) cash receipts
C) cash disbursements
D) month-to-month short-term borrowing
C
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Below are listed three of the four steps of project management. Which is not one of the four steps?
a. Sharing credit b. Project schedule c. Manage risks d. Communication plan
Which of the following statements about relevant risk and irrelevant risk is correct?
A. Relevant risk includes inflation risk, but excludes political risk. B. Relevant risk includes interest rate risk, but excludes a firm's default risk. C. Relevant risk includes economic risk, but excludes exchange rate risk. D. Relevant risk includes exchange rate risk, but excludes inflation risk. E. Relevant risk includes a firm's default risk, but excludes political risk.
On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available:Beginning inventory, January 1: $4,000Net sales: $80,000Net purchases: $78,000The company's gross margin ratio is 25%. Using the gross profit method, the cost of goods sold would be:
A. $63,000. B. $58,500. C. $19,500. D. $60,000. E. $20,000.
The purpose of the title search is to ensure that the
A) title is free of claims from third parties. B) buyer has adequate funds for a down payment. C) appraisal is correct. D) bank has title to the funds it is lending.