What is the probability of the intersection of events A and B?
What will be an ideal response?
P(A ? B ) = P(3 ) + P(4 ) = 0.27 + 0.13 = 0.40
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The control plan ______________________________ includes an aging of open vouchers / accounts payable records that is produced and reviewed on a regular basis in order to ensure that there is an adequate cash reserve to make required payments
Fill in the blank(s) with correct word
Which of the following is a true statement?
a. Asset-liability advocates are not prepared to tolerate a fluctuating income statement that may include unrealized holding gains and losses. b. Asset-liability advocates and revenue-expense advocates are polarized in part because the financial statements are non-articulated. c. Revenue-expense proponents are prepared to introduce deferred charges and deferred credits in order to smooth income measurement. d. With articulation, it is possible to have a revenue-expense-based income statement and an asset-liability-based balance sheet.
Salvage value is:
A. A factor relevant to determining an asset's useful life. B. An estimate of the asset's value at the end of its benefit period. C. Not a factor relevant to determining depletion. D. A factor relevant to amortizing an intangible asset with an indefinite life. E. A factor relevant to determining depreciation under MACRS.
A company needs financial objectives
A. to indicate to employees that financial objectives always take precedence over strategic objectives. B. to translate the company's business model into action items. C. because without adequate profitability and financial strength, the company's ultimate survival is jeopardized. D. to overtake key competitors on such important measures as net profit margins and return on investment. E. to convince shareholders that top management is acting in their interests.