Which of the following is/are false?
a. Firms do not necessarily recognize revenues when they receive cash
b. Firms do not necessarily recognize expenses when they disburse cash.
c. Net income will not necessarily equal cash flow from operations each period.
d. A profitable firm will likely borrow funds in order to remain in business, but eventually operations must generate cash to repay the borrowing.
e. None of the above are false
E
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What is the total fixed cost using variable costing?
A) $800,000 B) $390,000 C) $260,000 D) $560,000
Wholesalers most likely discourage less-profitable customers by ________
A) increasing product promotions B) carrying exclusive product lines C) overseeing inventory control systems D) adding service charges to small purchase orders E) requiring smaller orders to lower transportation costs
Which of the following is a correlative conjunction?
a. and b. but c. however d. either…or
Despite multiple failures and setbacks, Terri perseveres in her efforts to solve an engineering problem. This is an example of which of the following?
a. market research b. team building c. grit d. pitching