How is profit different from cash flow?
What will be an ideal response?
Profit is an accounting concept that matches revenues earned with the expenses needed to generate those revenues. Profit does not consider the sources or uses of cash. Cash flow captures all of the firm’s sources and uses of cash.
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In the relational database model
a. relationships are explicit b. the user perceives that files are linked using pointers c. data is represented on two-dimensional tables d. data is represented as a tree structure
An auditor gathers evidence on internal controls for which respective time periods for the purposes of expressing an opinion on control effectiveness and for testing controls in the financial statement period? Control Effectiveness Financial Statement
a. As of year end As of year end b. As of year end Throughout the year c. Throughout the year As of year end d. Throughout the year Throughout the year
Network _______ involves activities that use tools to observe network performance in order to minimize the impact of incidents.
What will be an ideal response?
An aggressive advertising campaign was credited with K-Tel's inability to keep K-Fed's latest CD on the shelves. K-Tel continued to accept orders and promised to ship as soon as they could burn new discs
Customers weren't happy, but were willing to wait. This unfortunate situation can be described as a: A) stockout. B) backlog. C) backorder. D) lost sale.