Periodically, the general ledger department receives all of the following except
a. total increases to accounts receivable
b. total of all sales backorders
c. total of all sales
d. total decreases in inventory
B
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If the dollar cost of the U.K. pound is $1.50, and the dollar cost of the Swiss franc is $1, then the cross-exchange rate between the pound and the franc is 0.67 francs per pound.
a. True b. False
The text states that when managers are recruiting project team members, they should be wary of people who know too much about a specific technology. Why is this? Do you agree or disagree? Explain your answer.
Fill in the blank(s) with the appropriate word(s).
The Right Target, Inc., a marketing research and consulting firm, is working on a cash budget for July to December 2017. The staff has projected the following cash collections and payments:
a) If the ending cash balance as of June 30, 2017 was $10,000, determine the firm’s forecasted monthly cash balance.
b) The staff at The Right Target, Inc. wants to know how much they would need to borrow each month if the minimum ending cash balance is $30,000 and the annual interest rate is 7%.
c) Determine the impact on the ending cash balance if the firm uses any cash surplus above the required minimum cash balance to pay off its short-term borrowing monthly.
Which of the following statements about listening is most likely true?
A. Listening refers to the process of trying to detect sounds B. Salespeople often believe that their job is to listen rather than to talk C. People can talk approximately twice as fast as they can listen D. Listening is vital to success in selling E. Visual aids play no part in the listening process