Which of the following statements is true?
a. In a manufacturing company, the production budget is prepared first.
b. A sales budget is normally prepared for a year then divided into quarters or months.
c. Internal information needed for sales forecasting would include life cycles of products while external information would include changes in the client base.
d. None of the above choices is true.
b
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A bond's issuance price will always be the ________ of future cash flows discounted back at the current market rate of interest
a. face value b. future value c. present value d. maturity value
Which of the following is true of the Restatement of the Law of Contracts?
A) It serves as a reference for guidance in contract disputes. B) It does not identify negotiable instruments as formal contracts. C) Its goal is to create a uniform system of commercial law among the 50 states. D) It is the absolute federal law for contracts drafted in the U.S.A.
A member of a manager-managed LLC (limited liability company) who is not a manager owes no fiduciary duty of loyalty or care to the LLC or its other members
Indicate whether the statement is true or false
Under the last-in, first-out (LIFO) method, the cost of goods sold is based on the oldest purchases
Indicate whether the statement is true or false