Which of the following is a true statement?
A. Companies usually prepare a pro forma income statement, pro forma balance sheet, and pro forma statement of cash flows.
B. Pro forma financial statements are based on the company's budgets.
C. Companies prepare pro forma financial statements to show how their performance for the period will "look" if actual results match the budget.
D. All of the answers are correct.
Answer: D
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Which of the following types of qualitative research generates hypothesis for further research, often quantitative?
A) phenomenological research B) exploratory research C) clinical research D) behavioral research
In a resource-constrained project the third priority in assigning resources is usually given to activities with the
A. Lowest identification number. B. Smallest duration. C. Least slack. D. Most slack. E. Highest cost.
______ refers to the culturally based elements of a person’s background (e.g., education, values, and attitudes) that influence communication.
A. cultural field B. communication C. complex messages D. grounding
The Charleston Company is a relatively small, privately owned firm. Last year, the company had an after-tax income of $15,000 and 10,000 shares were outstanding. The owners were trying to determine the market value for the stock prior to taking the company public. A similar firm, which is publicly traded, had a price/earnings ratio of 5.0. Using only the information given, the market value of one share of Charleston's stock is estimated as:
A. $10.00. B. $7.50. C. $5.00. D. $2.50. E. $1.50.