The sum of the money on hand and petty cash receipts in a petty cash fund will always be equal to the balance in the Petty Cash account
Indicate whether the statement is true or false
False
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Williams-Sonoma reported a tenfold increase in response rates when it adopted personalized e-mail offerings based on individuals' on-site and catalog shopping behavior
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1) The payback method is a screening device and is rarely used as the sole method for deciding whether to invest in an asset. 2) All else being equal, investments with longer payback periods are preferable. 3) Cash inflows from a capital investment arise from an increase in revenues, a decrease in expenses, or both. 4) A major criticism of the payback method is that it focuses only on the time to recover the investment and ignores profitability. 5) Most capital budgeting methods focus on accrual-based income.
The Economic Espionage Act of 1996 prohibits the theft of trade secrets and provides criminal penalties for violations
a. True b. False Indicate whether the statement is true or false
One possible disadvantage of becoming a franchisor is:
A. complying with all the government regulations. B. the cost of franchising exceeds the franchise fee. C. the cost of screening prospective franchisees. D. providing training to new franchisees.