A firm plans to depreciate a five year asset in the next planning period. The statements that will be directly affected are the ________
A) pro forma income statement, pro forma balance sheet, and cash budget
B) pro forma balance sheet, cash budget, and statement of retained earnings
C) cash budget and pro forma balance sheet
D) pro forma income statement and pro forma balance sheet
D
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Which of the following is the correct formula for calculating raw materials inventory turnover for a manufacturer?
A. Raw materials purchased/Average raw materials inventory. B. Average raw materials inventory/Raw materials used. C. Ending raw materials/Raw materials used × 365. D. Raw materials used/Average raw materials inventory. E. Raw materials used/Beginning raw materials inventory × 365.
Factors that lead to a low-cost position also provide substantial entry barriers to substitute and new products as is demonstrated by the retailer, Aldi, whose focus on minimizing costs across the entire operation permits it to position well against competitors such as Walmart.
Answer the following statement true (T) or false (F)
The______enables the public to gain access to certain government records
a. Fair Information Practices Act b. USA PATRIOT Act c. Privacy Act d. Freedom of Information Act
In addition to the regular monthly payment of a percentage of gross sales to her franchisor, Wilma is required to submit a smaller percentage for advertising costs. She is willing to do this because:
A. otherwise she cannot operate her franchise. B. she receives a discount on the cost of her inventory. C. Wilma's budget is too small for her advertising to be effective. D. the franchisor promotes the business both locally and nationally, reinforcing the brand name.