Which of the following is true of the cash budget?
A) It is prepared first in the master budget.
B) It is also called budgeted balance sheet.
C) It consists of cash receipts and cash payments.
D) It is the base for the preparation of the sales budget.
C
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________ is a management approach that involves developing strategies that both preserve the environment and produce profits for the company
A) Aesthetic consumerism B) Profitable environmentalism C) Environmental sustainability D) Sustainable ecology E) Corporate marketing
Wham Company sells electronic squirrel repellants for $60. Variable costs are 60% of sales and total fixed costs are $40,000. What is the firm's magnitude of operating leverage if 2,000 units are sold?
A. 0.17 B. 2.25 C. 6.00 D. none of these
After an assignment, only the assignee has a right to the obligor's performance
a. True b. False Indicate whether the statement is true or false
Northstar Sporting Goods sells consumer goods to Lena for $85 and provides a written warranty regarding the quality of the goods. Northstar:
a. must designate the warranty as full or limited. b. may disclaim any and all implied warranties as long as the disclaimer is conspicuous. c. may modify the implied warranties. d. All of these are correct.