Which of the following is true regarding fiduciary funds?
A. Private-purpose trust funds account for resources that are administered by a government for the benefit of others, such as a fund held to distribute resources to local not-for-profit charities.
B. Investment trust funds account for the internal portion of an investment pool, when a government is trustee for that pool.
C. Both of the above.
D. Neither of the above.
Answer: A
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Men and women often exhibit nonverbal communication styles that reflect the expectations of ______.
Fill in the blank(s) with the appropriate word(s).
Answer the following statements true (T) or false (F)
1. For a merchandising company, the selling and administrative expense budget separates fixed and variable expenses. 2. When preparing the selling and administrative expense budget, there is no need for a merchandising company to separate mixed costs into the fixed and variable components. 3. The financial budget of a merchandising company is similar to that of a manufacturing company. 4. When a merchandiser calculates the budgeted cash payments for selling and administrative expenses, noncash expenses like depreciation are also considered.
Innovative Installers provides a variety of services related to office space and relocations such as installing modular office furniture and providing space planning and layout consultations Innovative Installers is owned and operated by Mierzett Evans and his sister Glenda Heldris. The company was founded in 1992. It had more than $2 million sales in 2003. The company uses a variety of marketing methods including a Web site, cold calls, and direct mail. Evans and Heldris believe the company could better communicate with potential customers who may not know of the company's existence.The siblings use the corporate Web site to inform potential customers about the services their company offers. The Web address is included in all of the company's advertising. In other words, Evans and
Heldris are using: A. direct sales. B. cold sales. C. prospecting on the web. D. Internet dialoguing. E. direct communication.
To effectively evaluate cash flows, we separately analyze investing, financing, and operating activities.
Answer the following statement true (T) or false (F)