The funds that are obtained from routine business transactions are referred to as spontaneously generated funds.
Answer the following statement true (T) or false (F)
True
In general, current liabilities that change naturally (spontaneously) with changes in sales provide spontaneously generated funds that tend to change at the same rate as sales. See 16-1: Projected (Pro Forma) Financial Statements
You might also like to view...
An internal control activity that separates responsibilities so that no one person handles all the tasks for a particular activity is referred to as ____________________
Fill in the blank(s) with correct word
As the product manager for the eatery division at Whole Foods, Jerry is responsible for analyzing sales data to help him manage his team. Today Jerry is analyzing his data using many different perspectives to identify different ways to improve his division. Which of the following common digital dashboard capabilities is Jerry using to analyze his department's success?
A. Drill-down B. Consolidation C. Pivot D. Slice-and-Dice
The UCC is a federal statute which is in force in every state
Indicate whether the statement is true or false
ERP systems provide ______.
a. a real-time integrated view of a company’s core business processes b. a monthly report on the company’s core business processes c. a quarterly report on the company’s core business processes d. a daily report on the company’s core business processes