Which of the following budgets or schedules uses data contained in the selling and administrative expense budget?
A. Inventory purchases budget
B. Cash payments schedule
C. Sales budget
D. Cash receipts schedule
Answer: B
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The key difference between manufacturers and services is?
a. Manufacturers create tangible goods while services are intangible b. Services are typically more expensive than manufacturing c. There are no major differences between the two d. Manufacturers create intangible goods while services are tangible
The legal environment of business is established and modified according to ethical norms
Indicate whether the statement is true or false
As it pertains to bad faith bargaining, direct dealing occurs when:
A. An employer goes around the union to discuss issues directly with the employees in a way that undermines the union's ability to bargain. B. A union discusses issues that have been presented at the bargaining table with the employees, without the employer's permission. C. The union and employer negotiate directly with each other over wages, hours, and other conditions of employment. D. An arbitrator delivers a final and binding arbitration decision.
According to US GAAP changes in equity that result from the company central business operations are
A. losses and expenses B. revenues and expenses C. comprehensive income D. gains and losses E. capital maintenance