What type of data is found in the general ledger master file?
a. a chronological record of all transactions
b. the balance of each account in the chart of accounts
c. budget records for each account in the chart of accounts
d. subsidiary details supporting a control account
B
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The primary reasons retailers give for supporting a manufacturer's consumer promotions program include each of the following, except:
A) increase store traffic B) increase store sales C) increase sales of the manufacturer's brand D) attract new customers
A decrease in retained earnings indicates that a cash dividend has been paid
a. True b. False Indicate whether the statement is true or false
A ____________________ is a Web site that collects certain types of information on the Web.
Fill in the blank(s) with the appropriate word(s).
Innovative Inc is experiencing a boom for the products it has introduced recently. The estimated annual sales projected for the next five years are given in the following table. The current capacity is equivalent to only $100 million sales
The company is considering the alternative of expanding capacity to an equivalent of $250 million sales. Assume a 25 percent pretax profit margin. What is the increase in total pretax cash flow (summed over all years) that would be enjoyed because of the expansion? Year Annual Sales (in $ million) 1 100 2 140 3 170 4 200 5 250 A) less than or equal to $40 million B) more than $40 million but less than or equal to $70 million C) more than $70 million but less than or equal to $100 million D) more than $100 million