Which top-down budgeting method is being employed when the budget is determined based on what is felt to be necessary?
A. affordable method
B. payout planning
C. percentage of sales
D. competitive parity
E. arbitrary allocation
Answer: E
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Days' sales in receivables may be abnormally high at the end of the year if sales volume expanded materially late in the year
Indicate whether the statement is true or false
Unearned Revenue was $600 at the end of February and $750 at the end of March. Service Revenue was $3,600 for the month of March. How much cash was received from revenue during March?
A) $4,950 B) $3,450 C) $2,250 D) $3,750
Who created the formula for the expectancy theory?
a. B. F. Skinner b. David McClelland c. Victor Vroom d. J. Stacy Adams
Answer the following statements true (T) or false (F)
The study by Lev that examined earnings numbers and stock returns found a high explanatory relationship between earnings and stock returns.