The manager of an investment center is responsible for generating revenue as well as controlling expenses
Indicate whether the statement is true or false
T
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Which of the following is a remedy available to both buyers and sellers?
A. missing specifications B. avoidance of an installment contract C. specific performance D. reduction in price
A person assumes any risk that is different from or greater than the risk normally carried by an activity.
Answer the following statement true (T) or false (F)
Giant Koala Stores Inc has forecasted sales for July through October in the top row of the table. Forecasted collections from cash and credit sales as well as forecasted payments to suppliers are also shown in the table
Wages, general & administrative expenses are 28% of the current month's sales. Giant Koala starts August with a cash balance of $7.61M. What is the cash balance at the end of September? Sales Forecast and Cash Budget Giant Koala Stores Inc ($000,000) July August September October Sales Forecast $27.000 $27.000 $33.000 $32.500 Cash Sales 15.300 22.950 28.050 27.625 Collections from last Month 4.050 4.050 4.950 Total Cash Inflows 27.000 32.100 32.575 Total Payments to Suppliers 17.940 21.418 Wages, General & Admin Expenses 7.560 7.560 9.240 Total Disbursements 25.500 30.658 Net Cash Flows Beginning cash balance $7.610 Plus: Net Cash Flows Ending cash Balance A) $7.61 million B) $8.61 million C) $9.11 million D) $10.55 million E) $11.62 million
The ability to purchase production inputs on credit allows a firm to partially offset the length of time resources are tied up in the operating cycle
Indicate whether the statement is true or false