Customer preference is a justification for discrimination on the basis of sex
Indicate whether the statement is true or false
False
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The statement of cash flows discloses significant events related to the operating, investing, and financing activities of a business
Indicate whether the statement is true or false
The term deficit refers to
a. an excess of expenses over revenues for one given operating period. b. a Retained Earnings account with a debit balance. c. an excess of actual expenses over amounts budgeted for those expenses. d. income of a prior period that was overstated when it was first reported.
The internal rate of return, often called yield to maturity, is the discount rate that equates the future cash flows to the market value at any date
Indicate whether the statement is true or false
A committed fixed cost
A) cannot be easily changed B) often involves a long-term contract C) does not change when output changes D) all of the answers are correct