Flexible budgeting is a reporting system wherein the:
a. Statements included in the budget report vary from period to period.
b. Budget standards may be adjusted at will.
c. Reporting dates vary according to the levels of activity reported upon.
d. Planned level of activity is adjusted to the actual level of activity before the budget comparison report is prepared.
d
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In broad nominal terms, the dollar
A. depreciated against other currencies from 1988 to 2001 and from 2001 to 2008. B. depreciated against other currencies from 1988 to 2001 and appreciated against those currencies from 2001 to 2008. C. appreciated against other currencies from 1988 to 2001 and from 2001 to 2008. D. appreciated against other currencies from 1988 to 2001 and depreciated against those currencies from 2001 to 2008.
How does the REA model categorize events?
The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense, reports the following selected amounts: Accounts receivable$441,000?DebitAllowance for Doubtful Accounts 1310?DebitNet Sales 2,160,000?CreditAll sales are made on credit. Based on past experience, the company estimates 2.5% of ending account receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
A. Debit Bad Debts Expense $15,400; credit Allowance for Doubtful Accounts $15,400. B. Debit Bad Debts Expense $5400; credit Allowance for Doubtful Accounts $5400. C. Debit Bad Debts Expense $11,025; credit Allowance for Doubtful Accounts $11,025. D. Debit Bad Debts Expense $12,335; credit Allowance for Doubtful Accounts $12,335. E. Debit Bad Debts Expense $9715; credit Allowance for Doubtful Accounts $9715.
Which of the following best explains the function of a CRM database?
A. It is used to gather, store, and maintain personal information about customers. B. It is used to keep track of orders from suppliers and related cost fluctuations. C. It is used to improve the security of IT systems employed for marketing. D. It is used to evaluate employee performances. E. It is used to estimate changes in currency values in the international market.