The gross profit method is only used by businesses for tax purposes and for quarterly financial statements
Indicate whether the statement is true or false
F
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Calculate the percent increases for each of the following selected balance sheet items.?Year 2Year 1Cash$ 569$ 448Accounts receivable2,2342,337Merchandise inventory1,0621,071Plant assets2,4322,138Bonds payable1,1641,666Equity2,7772,894
What will be an ideal response?
Monitoring of the internal controls involves assessment by appropriate personnel of the design and operation of controls on a timely basis and taking necessary actions
a. True b. False Indicate whether the statement is true or false
Wild Side is an adventure firm based in Wyoming. The firm organizes outdoor excursions,
bungee jumping, cliff-diving, and other adventure packages for both individuals and corporates. The firm has been in robust financial health and plans to expand further to cater to the rising demand for newer adventure services, such as skydiving, rock-climbing, etc. At the end of the latest financial year, the company endorsed the following objective: "Increase sales of new adventure packages, such as rafting and skydiving (where new services are defined as those introduced within the past 2 years), from 20% of total revenue to 25%." Why would this objective fail to meet the S.M.A.R.T objective framework? A) It is not achievable and does not leverage existing skill sets of its employees. B) It is not specific enough and does not clearly mentions what it intends to achieve. C) It does not indicate a specific time of completion of the objective. D) It does not specify a practical measure of the degree to which the objective is achieved.
The need for persuasive skills has diminished in today's corporate world
Indicate whether the statement is true or false