Research on 360-degree feedback shows that those individuals who work for superiors receiving above-average ratings from others were more likely to receive above-average ratings themselves.
Answer the following statement true (T) or false (F)
True
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Independent validation of vendor invoices helps ensure that appropriate cash discounts are obtained
Indicate whether the statement is true or false
Which of the following is true about a strategic market plan?
A) It is a short-term marketing strategy. B) It is referred to as tactical marketing strategy. C) It lacks specific performance objectives. D) It has a 1-year time horizon. E) It has a 3- to 5-year time horizon.
Of a company's employees, 75 percent typically qualify to receive two weeks' paid vacation out of 50 working weeks per year. The entry to record the amount of estimated liability for vacation pay for a week in which the total payroll is $9,600 :
a. Estimated Liability for Vacation Pay 144 Cash 144 b. Vacation Pay Expense 288 Estimated Liability for Vacation Pay 288 c. Vacation Pay Expense 7,200 Cash 7,200 d. Cash 256 Estimated Liability for Vacation Pay 256
In preparing a statement of cash flows using the indirect method, a decrease in an unearned revenue account should
A) be shown as a financing activity. B) be shown as a deduction from net income in computing net cash flows from operating activities. C) not be shown on the statement of cash flows. D) be shown as an addition to net income in computing net cash flows from operating activities.