The amount of cash reported in a company's balance sheet includes the balance of accounts receivable if cash collection is highly likely in the near future.
Answer the following statement true (T) or false (F)
False
Accounts receivable is a separately reported asset from cash.
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Under the Model Business Corporation Act (MBCA), a corporation does not need shareholder approval to purchase securities out of ________ surplus.
A. unrestricted earned B. equity C. restricted earned D. capital
In ________, the seller charges different amounts to different classes of buyers
A) perceived value pricing B) third-degree price discrimination C) first-degree price discrimination D) second-degree price discrimination E) psychological discounting
A single process in which one product cannot be manufactured without producing others is referred to as a _________________________
Fill in the blank(s) with correct word
A company's manager estimates that in the upcoming year, decreasing advertising costs by $50,000 will cause sales revenue to decrease by $120,000. If the company's contribution margin ratio is 35%, what will be overall effect on net operating income?
A) Net operating income will increase by $8,000. B) Net operating income will decrease by $8,000. C) Net operating income will increase by $24,500. D) Net operating income will decrease by $24,500.