The success of an organization lies with its ______.
A. people
B. products
C. customer service
D. manufacturer
A. people
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Accounting for regulated utilities, banks, and transportation firms is similar in that:
a. all are monopolies. b. all report property, plant, and equipment first on the balance sheet. c. all are controlled by the Interstate Commerce Commission. d. all carry heavy inventory. e. all utilize some form of uniform accounting system.
In vertical analysis of the income statement, each item is expressed as a percentage of net income
Indicate whether the statement is true or false
The financial statement effects of the budgeting process are summarized on the cash budget and the capital expenditures budget.
Answer the following statement true (T) or false (F)
The Johnsons decided to sell their summer cabin on Beech Lake. They sent flyers out to all who previously had expressed an interest in buying the cabin stating that they were planning on selling their cabin. The flyer described the location of the property, the size of the lot, and the price. If one of the recipients responds by sending a letter accepting, an agreement
a. will not be formed because the flyer was sent out as an invitation to make an offer. b. will be formed because the first to respond gets the property. c. will be formed because the price is included. d. will not be formed because of the parol evidence rule.