A combined set of operational budgets and a set of financial budgets for the entire organization is known as a
A) master budget.
B) flexible budget.
C) month-to-month budget.
D) constant budget.
A
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The days-in-receivables ratio:
A) is an estimate of the length of time the receivables have been outstanding. B) measures the cash discount period for credit sales. C) is net credit sales divided by average receivables. D) is not meaningful and therefore is not used.
Vertical integration occurs:
a. When a firm competes with another b. When a firm outsources to another c. When a firm moves into activities that were previously undertaken by a supplier or a customer d. When a firm acquires or merges with another
Stop orders are used only when selling a stock
Indicate whether the statement is true or false.
Bob has been the janitor at Taylor Elementary School for more than 15 years. Brendan has just been hired to be the janitor at Winston Elementary School, which is in the same school district as Taylor. However, Brendan earns three dollars less per hour than Bob. Under the Equal Pay Act, this disparity in pay rates is acceptable because it is based on: A) seniority
B) merit. C) connections. D) good negotiating.