____________________ are those investments and deposits with financial institutions that are readily convertible into known amounts of cash and that have original maturities of three months or less
Fill in the blank(s) with correct word
Cash equivalents
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Which does not measure the effectiveness of interactive marketing?
A) emotional reactions B) a pupillometric meter C) lead generation D) customer knowledge
An equal stream of periodic payments is called an annuity
Indicate whether the statement is true or false
Disc Company purchased equipment at the beginning of 2010 for $200,000. The company decided to depreciate the equipment over an 5-year period using the straight-line method. The company estimated the equipment's salvage value at $20,000. The journal entry to record depreciation expense for 2011 is a debit to:
A) depreciation expense and a credit to accumulated depreciation for $40,000. B) accumulated depreciation and a credit to equipment for $40,000. C) depreciation expense and a credit to equipment for $36,000. D) depreciation expense and a credit to accumulated depreciation for $36,000.
Which of the following statements regarding budgeting is false?
A) The focus of budgeting is planning. B) Many companies use enterprise resource planning (ERP) systems as a budgeting tool. C) Budgeting is a bookkeeping task. D) Budgeting helps managers determine the resources needed to meet their goals and objectives.