Describe the limitations of consolidated statements
The consolidated statements, provided for the parent's shareholders, do not replace the statements of individual corporations. Creditors must rely on the resources of the entity to which they lend funds and are therefore interested in the unconsolidated (single-company) financial statements of that entity. A corporation can declare dividends against only its own retained earnings. When the parent company does not own all of the shares of the subsidiary, the noncontrolling shareholders can judge the dividend constraints, both legal and financial, only by inspecting the subsidiary's statements.
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In the introduction section of a proposal, which of the following would be the best way to persuade the receiver to read the rest of the proposal?
A) Mention a remarkable resource available exclusively to you. B) Present a detailed budget that shows a low overall cost. C) Give the background and credentials of everyone who will be working on the project. D) Provide a timetable for all activities.
The manager in an e-learning program who pays the bills is called a(n) ________
A) instructional designer B) semantic reasoner C) subject matter expert D) project sponsor
Which of the following metrics represents the time it takes to manufacture a product and deliver it to the retailer?
A. Back order B. Inventory cycle time C. Customer order cycle time D. Inventory turnover
The Clean Water Act authorizes the U.S. government to clean up ________ in ocean waters within 12 miles of the shore and on the continental shelf and to recover the cleanup costs from responsible parties.
A. spent military ordinance B. sunken and abandoned ships C. oil spills and spills of other hazardous substances D. plastic drinking straws