In the next planning period, a firm plans to change its policy of all cash sales and initiate a credit policy requiring payment within 30 days. The statements that will be directly affected immediately are the ________
A) pro forma income statement, balance sheet, and cash budget
B) pro forma balance sheet and cash budget
C) cash budget and statement of retained earnings
D) pro forma income statement and pro forma balance sheet
B
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The passenger load factor measures the percent that a carrier is filled, based on capacity
Indicate whether the statement is true or false
The production budget is the first component of the operating budget
Indicate whether the statement is true or false
A shareholder who owns sufficient shares to outvote the other shareholders, or to otherwise set corporate policy, and thus to control the corporation is known as a(n) __________ shareholder
a. controlling b. absolute c. manipulative d. chargeable
Char-Glo Industries contracted with Evergreen Lawn Service to mow and trim the company's lawn. In the contract, Char-Glo included a clause prohibiting Evergreen from delegating its duties. Courts will ordinarily not enforce such a clause
Indicate whether the statement is true or false