Generating a(n) ________ is a function of financial accounting
A) organizational budget
B) balance sheet
C) cost analysis
D) profitability report
E) productivity analysis
Answer: B
Explanation: Financial accounting is concerned with preparing financial statements and other information for outsiders such as stockholders and creditors. A balance sheet is such a financial document. Other alternatives given in the question are generated using management accounting.
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If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase
a. True b. False Indicate whether the statement is true or false
In which of the following situations should a company use process costing rather than job order costing?
A) If the product cost is accumulated in a single Work in Process Inventory account B) If the product is produced based on individual customer specifications C) If the product is composed of mass-produced homogeneous units D) If the product goes through a single stage of production
Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. According to the company's leading salesperson, Peter Austin, "We have lots of repeat corporate customers as a result of the importance we place on getting the hampers out on time and filled with the right products."A ________ would provide Peter Austin with information about who makes the buying decisions for a prospective corporate customer, the buyer's background, and what kind of credit and
delivery terms the account requires. A. value analysis B. customer profile C. FAB formula D. SWOT analysis E. customer benefit plan
Korrine is a tour guide at a history museum. What type of speaking does Korrine's job entail?
a. epideictic b. informative c. persuasive d. impromptu