An aspect of short-term financial planning is forecasting operating cash flow and ultimately the profitability of the company in the coming period. This type of financial planning typically uses forecasted ________
A) earnings
B) income statements
C) working capital statements
D) All of these
Answer: B
Explanation: B) An aspect of short-term financial planning is forecasting operating cash flow and ultimately profitability of the company in the coming period. This type of financial planning typically uses forecasted income statements, balance sheets, and statements of cash flow.
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South Bay Manufacturing began business on January 1. During its first year of operation, South Bay worked on five industrial jobs and reported the following information at year-end:
South Bay's allocation of overhead costs left a debit balance of $1400 in the Manufacturing Overhead account, which was adjusted to zero at year-end. What was the amount of gross profit earned during the year?
A) $26,700
B) $2400
C) $28,100
D) $22,900
In 1946, Congress enacted the ________ Act to provide federal protection to trademarks, service marks, and other marks.
A. Sarbanes-Oxley B. Lanham C. No Electronic Theft D. Economic Espionage
"I've never seen flavored marshmallows this size before!" Alice squealed as she emptied the shelves at the local grocery store
The rest of the shoppers would have to make do with the other seventy bags of miniature and standard-size marshmallows during this winter's hot chocolate festival. For Alice, the jumbo size feature is an order winner. Indicate whether the statement is true or false.
In the context of the characteristics of good information, when information is timely, it means that:
A. it isavailable at the right moment to make a difference. B. it is secure from hackers and competitors. C. it is free of errors and biases. D. itfocuses on issues that are important to decision makers.