A budget
A) remains independent of the human resource performance evaluation task.
B) records the amount and timing of the firm's past financing needs.
C) only makes sense for annual periods of time.
D) provides a basis for taking corrective action in the event that budgeted figures do not match
actual or realized figures.
D
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Lincoln Company engaged in this transaction: Received dividends on marketable securities held as a long-term investment. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows
A) Schedule of noncash investing and financing transactions. B) Operating activities section. C) Financing activities section. D) Investing activities section.
Which of the following is/are true?
a. Comprehensive income equals the net amount of revenues, expenses, gains, and losses during an accounting period. b. Authoritative guidance classifies revenues and expenses arising from a firm's core business as components of net income. c. Net income includes gains and losses from sales or exchanges of assets or settlements of liabilities related incidentally or peripherally to the firm's core business. d. Authoritative guidance classifies gains and losses from the remeasurement of certain assets and liabilities as either net income or other comprehensive income. e. All of the above answer choices are true.
Donnelly Manufacturing Donnelly Manufacturing sells cedar birdhouses. The company has prepared the following sales forecast for the third quarter of 2013: July 10,000 units August 12,000 units September 20,000 units Inventory at June 30, 2013 was budgeted at 1,500 units. Management would like the desired quantity of finished goods inventory at the end of each month to be equal to 15% of next
month's budgeted unit sales. October's sales are projected to be 24,000 units. Each completed unit of finished product requires 2.5 square feet of cedar at a cost of $3.5 per square foot. Refer to the Donnelly Manufacturing information above. The company has determined that it needs 10 percent of next month's raw material needs on hand at the end of each month. The cost of the direct material that should be purchased in August is: A) $121,975 B) $ 34,850 C) $115,500 D) $ 46,200
A person should keep two guidelines in mind when writing for the Web: the readers' needs and the limited amount of space on the computer screen
Indicate whether the statement is true or false