The authors of the Business Analytics: Data Analysis & Decision Making text use spreadsheet modeling, particularly Excel spreadsheets, where the essential elements are entered for further analysis.
Answer the following statement true (T) or false (F)
True
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Which of the following statements regarding serial bonds is true?
a. They are likely to be issued by food companies. b. They have shorter lives than term bonds. c. They are strongly backed by the issuer's collateral. d. The bonds do not all mature on the same date.
Which of the following is/are false?
a. Firms do not necessarily recognize revenues when they receive cash b. Firms do not necessarily recognize expenses when they disburse cash. c. Net income will not necessarily equal cash flow from operations each period. d. A profitable firm will likely borrow funds in order to remain in business, but eventually operations must generate cash to repay the borrowing. e. None of the above are false
Which of the following could not be used in job-order costing?
a. An average cost per unit for all jobs. b. Standards. c. Overhead allocation based on job's direct labor hours. d. Normal Costing.
Published agency rulings become final and binding if not appealed within:
a. 10 days of publication b. 15 days of publication c. 30 days of publication d. 45 days of publication