There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of May.
Verle, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash budget
for the second quarter. Budgeted cash collections and payments are as follows:
A) $22,000
B) $53,400
C) $48,400
D) $43,800
D) $43,800
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Which of the following is the correct formula to calculate average merchandise inventory?
A) Average merchandise inventory = (Beginning merchandise inventory - Ending merchandise inventory) / 2 B) Average merchandise inventory = (Beginning merchandise inventory × Ending merchandise inventory) / 2 C) Average merchandise inventory = (Beginning merchandise inventory / Ending merchandise inventory) / 2 D) Average merchandise inventory = (Beginning merchandise inventory + Ending merchandise inventory) / 2
The unexpired insurance at the end of the fiscal period represents
A) an accrued asset B) an accrued liability C) an accrued expense D) a deferred expense
The best quantitative evidence of whether a company's present strategy is working well is
A. whether the company has a shorter value chain than close rivals. B. whether the company is in the industry's best strategic group. C. whether the company is in the Fortune 500. D. the caliber of results the strategy is producing, specifically whether the company is achieving its financial and strategic objectives and whether it is an above-average industry performer. E. whether the company has more competitive assets than it does competitive liabilities.
To be effective and enhance your ability to inspire, heighten your sensitivity to language by choosing words that achieve all of the following EXCEPT:
a. adding vividness and force to ideas b. steering others toward your goal c. convincing others of your points d. strengthening a positive image among audience members