Technical knowledge of computer hardware and system software is required to assess the resources required to update a system to address unmet user needs
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements is true regarding extraordinary items on the income statement?
a. U.S. GAAP prohibits the presentation of extraordinary items on the income statement. b. IFRS prohibits the presentation of extraordinary items on the income statement. c. U.S. GAAP allows extraordinary gains and losses on the balance sheet. d. IFRS allows the classification of gains and losses on the income statement as extraordinary as long as long as they are both unusual in nature and infrequent in occurrence.
Effective CEOs know that employees tend to identify with, and become committed to, firms with effective leaders and, as a result, understand that ______.
a. other positive outcomes such as customer service and increased productivity can result b. the time spent on such efforts can block synergies from developing c. this identification can block the development of managers into leaders d. none of these
Why is it important to consider culture when adjusting your volume?
What will be an ideal response?
The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information:•Sales at $550,000, all for cash.•Merchandise inventory on November 30 was $300,000. •The cash balance at December 1 was $25,000. •Selling and administrative expenses are budgeted at $60,000 for December and are paid in cash. •Budgeted depreciation for December is $35,000. •The planned merchandise inventory on December 31 is $270,000. •The cost of goods sold is 75% of the sales price. •All purchases are paid for in cash. •There is no interest expense or income tax expense. The budgeted cash receipts for December are:
A. $550,000 B. $137,500 C. $412,500 D. $585,000