Plimpton Sales presents income statements for the first three months of this year
Revenues are
$1,000,000 in January, $1,200,000 in February, and $1,400,000 in March, while expenses total
$800,000 in January, $900,000 February, and $1,000,000 in March. Despite the positive net income,
the controller believes Plimpton Sales needs to arrange short-term financing of $300,000 to make
payroll the next month. Which of the following statements is MOST correct?
A) The controller must have made a mistake since the company's net income for the three
months is $900,000.
B) The company's accounts receivable balance has increased and the accounts payable balance
has decreased over the past three months.
C) The company's accounts receivable balance has decreased over the past three months.
D) The company's accounts payable balance has increased over the past three months.
B
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Online retailing, called _____, continues to grow throughout the world for several reasons: greater availability of faster communication lines to households, growing confidence in online purchases, and the increasing ability to find the item one searches and rich information about it.
Fill in the blank(s) with the appropriate word(s).
When benchmarking an ideal employee, which of the following is recommended once managers in a workshop have a composite profile of an ideal employee?
a. Have each manager compare the composite to their own past behaviors before they became management. b. Have the facilitator explain that while such a composite may be ideal, it is unrealistic in its expectations of human behavior. c. Break down the composite into component parts and identify which parts are ones actually witnessed in the real operation of the company. d. Present the composite to subordinates for benchmarking and analysis.
An example of a preventive control is
A) the use of a bank account B) separation of the Purchasing Department and Accounting Department personnel C) bonding employees who handle cash D) accepting payment in currency only
Explain the Johari Window