All of the following are true regarding the key principles of forecasting except:
a. Financial statement forecasts need not be comprehensive.
b. Forecasts should not manifest wishful thinking.
c. Financial statement forecasts must be internally consistent.
d. Financial statement forecasts must rely on assumptions that have external validity.
A
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Which of the following is critical to strategic problem solving?
A. Creative solutions B. High-tech equipment C. Nonverbal communication D. Industry alliances E. Effective prospecting
List the five steps to form a dual
What will be an ideal response?
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 3,700DLHsOverhead costs at the denominator activity level: Variable overhead cost$28,490 Fixed overhead cost$47,545 ?The following data pertain to operations for the most recent period: Actual hours 3,900DLHsStandard hours allowed for the actual output 3,850DLHsActual total variable manufacturing overhead cost$29,445 Actual total fixed manufacturing overhead cost$47,995 The predetermined overhead rate per MH is closest to:
A. $19.86 per MH B. $20.55 per MH C. $19.50 per MH D. $20.93 per MH
Which of the following have unlimited liability for debts of their business?
a. limited partners b. general partners c. sole proprietors d. general partners and sole proprietors e. general partners, limited partners, and sole proprietors