A component bar chart is used to illustrate the relationship between two or more similar values
Indicate whether the statement is true or false
False
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Which of the following items would not normally appear on bank reconciliations?
a. Balance per bank. b. Outstanding deposits list. c. Balance per books. d. Outstanding checks list.
Maintaining consistent high product quality
A) is both required for and a by-product of the just-in-time environment. B) is difficult to obtain in a just-in-time environment because of the severe time constraints imposed by the just-in-time environment. C) requires quality control inspectors at each step of the production process. D) is too expensive to obtain in a just-in-time environment.
Which of the following is/are elements of a derivative?
a. A derivative has one or more underlyings. An underlying is an observable variable such as a specified interest rate, or commodity price, or foreign exchange rate. b. A derivative has one or more notional amounts. A notional amount is a number of currency units, bushels, shares, or other units specified in the contract. c. A derivative sometimes requires no initial investment. d. Derivatives typically require, or permit, net settlement, which means that when the counterparties settle the derivative contract, one of the contracting parties pays the other the fair value of the contract. e. all of the above
Peter Piper Inc had the following information available from its 2011 balance sheet and income statement: Insurance expense $55,000 Prepaid insurance - beginning 8,000 Prepaid insurance - ending 5,000 What amount would be reported as cash outflows for insurance on the statement of cash flows for 2011 using the direct method?
A) $68,000 B) $58,000 C) $42,000 D) $52,000