If a discretionary cost can be treated like an engineered cost, cost control may be achieved through the use of
a. program budgeting.
b. zero-base budgeting.
c. capital budgeting.
d. flexible budgeting.
D
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Capital items are long-lasting goods that facilitate developing or managing the finished products
Indicate whether the statement is true or false
There are only two possible ANOVA procedures: one-way ANOVA and two-way ANOVA.
Answer the following statement true (T) or false (F)
A $200 petty cash fund has cash of $20 and valid receipts of $164. The entry to replenish the fund would be:
A) Cash 184 Petty Cash 184 B) Cash Short or Over 16 Petty Cash 16 C) Various Expenses 164Cash Short or Over 16Cash 180 D) Petty Cash 164 Cash 164
Which of the following statements regarding cash equivalents is correct?
a. A one-year Treasury note could not qualify as a cash equivalent. b. All investments meeting the FASB's criteria for cash equivalents must be reported as such. c. The date a security is purchased determines its "original maturity" for cash equivalent classification purposes. d. Once established, management's policy for classifying items as cash equivalents cannot be changed.