Cash planning involves the preparation of a firm's cash budget. Without adequate cash—regardless of the level of profits—any firm could fail

Indicate whether the statement is true or false


TRUE

Business

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Cost of goods sold is equal to

a. the total amount of merchandise purchased during the year. b. the cost of merchandise purchased plus transportation-in costs less ending inventory. c. the cost of merchandise purchased plus transportation-in costs plus beginning inventory minus purchase returns and allowances and purchase discounts minus ending inventory. d. the cost of merchandise purchased plus transportation-in costs plus beginning inventory minus purchase returns and allowances and purchase discounts.

Business

Computer Works is a computer accessories manufacturer based in Brazil. All customers in South America pay the same freight charge, $20, when they order products from the company. All customers in North America pay a freight charge of $50

The company's pricing strategy is referred to as ________ pricing. A) basing-point B) FOB-origin C) freight-absorption D) zone E) uniform-delivered

Business

The primary use of ______ is to explain words and concepts.

Fill in the blank(s) with the appropriate word(s).

Business

All of the following are factors that may complicate capital investment analysis except:

A) the leasing alternative B) changes in price levels C) sunk cost D) the federal income tax

Business