A localized campaign will result in the substantial benefits of cost savings and increased control
Indicate whether the statement is true or false
FALSE
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Which of the following is true regarding modified accrual accounting?
A. Modified accrual accounting is required for all fund financial statements. B. Revenues are recognized in the period in which they become available and measurable, and expenditures are recognized at the time a liability is incurred, except for principal and interest on long-term debt. C. Modified accrual accounting requires that all expenditures be recognized on the cash basis. D. All of the choices.
Which of the following ratios does not represent some form of comparison between accounts in current assets and accounts in current liabilities?
a. Working capital b. Current ratio c. Acid-test ratio d. Cash ratio e. Merchandise inventory turnover
The formula used to calculate the number of units needed in order to earn a desired profit is
A) (Fixed costs + Variable costs)/Sales B) (Fixed costs + Desired profit)/Sales C) (Fixed costs + Desired profit)/Contribution margin per unit D) (Fixed costs + Variable costs)/Contribution margin per unit E) (Fixed costs + Desired profit)/Contribution margin ratio
Which of the following models can be used when demand exhibits both trend and seasonal patterns?
A. simple exponential smoothing B. second-order or double smoothing C. third-order or triple smoothing D. complex exponential smoothing