To manage cash flow, you should ________ and then subtract expenses you expect to incur.
A. project gross receipts
B. project gross sales
C. project cash receipts
D. project net income
Answer: C
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Instead of spending money on the purchase of data storage devices, a company can contract with a(n) _____ and have all or some of its files stored remotely on the provider's devices.
Fill in the blank(s) with the appropriate word(s).
Price discrimination is legal when a ________
A) manufacturer and reseller have agreed upon a specified retail price for a product B) manufacturer sells to retailers in different markets C) seller can prove its costs are different when selling to different retailers D) seller advertises prices that are not actually available to consumers E) seller has not communicated with competitors before announcing prices
Champion Camera Company has cash assets of $235,000 and accounts receivable of $115,000. Their accounts payable total is $100,000. What is the acid test ratio?
A) 1.15:1 B) 2.35:1 C) 3.5:1 D) 4.5:1
If the adjustment for supplies used is not recorded, the firm's assets will be overstated.
Answer the following statement true (T) or false (F)