Initial cash outflows and subsequent operating cash inflows for a project are referred to as ________
A) necessary cash flows
B) relevant cash flows
C) perpetual cash flows
D) ordinary cash flows
B
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When a company understates the cost of goods sold, what is the effect on the inventory turnover ratio?
a. The ratio might increase or decrease depending upon the amount by which it is understated. b. The ratio will decrease. c. No effect. d. The ratio will increase.
Define a bailment and discuss its essential elements.
What will be an ideal response?
Marjorie Company's cash balance per the books at the end of the month was $ 7 comma 300. After comparing the company's records with the monthly bank statement, Marjorie's accountant identified the following reconciling items: outstanding checks, $800; deposits in transit, $700; bank service charge, $ 20; and NSF check, $ 200. The bank collection of a note receivable was $ 1 comma 400 plus interest of $ 160. There also was an EFT payment of $ 180. What is the adjusted book balance at the end of the month?
A. $8470 B. $8640 C. $7270 D. $8490
What is the first step in segmenting a market?
A. set the segmentation goals B. choose a basis or bases for segmenting the market C. select a market or product category for study D. profile and analyze segments E. select target markets