The _____ forecasts the types and amounts of assets a firm will need to implement its future plans as well as the amount of additional financing the firm must arrange in order to acquire those assets
A) ?query report
B) ?cash budget
C) ?statement of cash flows
D) ?budgeted balance sheet
D
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On January 1, 2016, the Pruett Company signed a six-month, non-interest-bearing note payable for $170,000 and received $162,800 from Your Neighborhood Bank. On January 31, 2016, what amount should Pruett record for interest expense, and what is the net carrying value of the note?
A) $1,200; $161,600 B) $0; $170,000 C) $7,200; $170,000 D) $1,200; $164,000
The dividend yield rate is equal to the dividends per share divided by the par value per share of common stock
Indicate whether the statement is true or false
A company understated its ending inventory balance by $8,000 in 2021. What impact will this error have on cost of goods sold and gross profit in 2021 and 2022?
What will be an ideal response?
What is "maximizing profits" as a social responsibility theory in business?
A) the theory that a corporation must consider the effects its actions have on persons other than its shareholders B) the theory that a corporation's duty is to make a profit while avoiding causing harm to others C) the theory that a corporation owes a duty to take actions that increase profits for shareholders D) the theory that a business has a responsibility solely to its stakeholders