Your company currently processes its payroll internally but is considering the use of an external accounting firm. You are in charge of determining whether your company should proceed with this plan. What kind of report would you most likely write?
A) Feasibility report
B) Progress report
C) Informational report
D) Summary
A
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Liquidity analysis is required
a. in order to evaluate the profitability over past accounting periods. b. to assess the nearness to cash of a company's assets and liabilities. c. to be reported in the financial statements for all companies publicly traded. d. when a company reports nonrecurring items in its financial statements.
Which of the following is NOT an element of a Ponzi scheme?
a. Gaining other's confidence. b. Promising abnormally high returns. c. Collected money is invested. d. Investment principle is partially used to make payments to previous investors.
If everything has been done to properly develop a sales presentation, closing the sale is the next step in a logical sequence.
Answer the following statement true (T) or false (F)
Tariffs refer to
A. a restriction placed on the amount of a product allowed to enter or leave a country. B. a minimum requirement for the purchase between two or more nations of products or services. C. government taxes on products or services entering a country that primarily serve to raise prices on imports. D. a refusal to purchase or exchange products or services with another nation unless certain financial or ideological requirements have been satisfied. E. government payments to companies or industries that primarily serve to create competitive advantage for domestic products.