Kay Alden manages a department that prepares annual reports. Kay works in ________
A) tax accounting
B) auditing
C) financial accounting
D) managerial accounting
E) not-for-profit accounting
C
Explanation: C) Financial accounting is an area of accounting that produces financial documents to aid decision makers outside an organization in making decisions regarding investments and credibility. Such information is generally found in key documents like quarterly statements or annual reports–documents produced once a year that present the current financial state of a company and future expectations.
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When analyzing the "S" in a SWOT analysis, a manager might take note of
A. a decrease in the size of the market. B. competitors' new products. C. high turnover of employees. D. strong financial resources of the firm. E. lifting of governmental regulations.
What does the word "marketable" imply as far as "marketable securities"?
a. It implies that the securities should be classified as a temporary account. b. It implies that a firm owes money on the securities. c. It implies that the securities are considered to be goodwill. d. It implies that the firm can readily buy and sell the securities on an exchange. e. It implies that the firm has signed a formal written contract called an indenture.
When Antoine purchased a doll dream house for his daughter, he mailed in his receipt showing how much he had paid for the toy and the proof of purchase form off the carton in which the dream house came to the manufacturer. In six weeks, he received a check from the manufacturer for five dollars. The manufacturer used a ________ to refund part of the purchase price.
A) cash allowance B) premium C) coupon D) rebate E) price-off pack
During presentations, when should speakers distribute handouts?