Errors in the sales forecast can be offset by similar errors in costs and income forecasts. Thus, as long as the errors are not large, sales forecast accuracy is not critical to the firm
Indicate whether the statement is true or false
False
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All creditors must file a proof of interest before a bankruptcy proceeding
Indicate whether the statement is true or false
An organization formed to facilitate the movement of products among member nations through the creation of common economic policies is:
a. the WTO b. the IMF c. GATT d. a closed organization e. an economic community
The F-statistic in a one-way ANOVA represents the:
a. variation between the treatments plus the variation within the treatments. b. variation within the treatments minus the variation between the treatments. c. variation between the treatments divided by the variation within the treatments. d. variation within the treatments divided by the variation between the treatments.
Which of the following statements regarding sinking fund provisions is FALSE?
A) With a sinking fund, if a bond is trading at below its face value, because the bonds are repurchased at par, the decision as to which bonds to repurchase is made by lottery. B) With a sinking fund, instead of repaying the entire principal balance on the maturity date, the company makes regular payments into a sinking fund administered by a trustee over the life of the bond. C) Sinking fund provisions usually specify a minimum rate at which the issuer must contribute to the fund. D) Because the sinking fund allows the issuer to repurchase the bonds at par, the option to accelerate the payments is another form of call provision.