Which of the following is generally included in a sales budget?
A. Schedule of cash payments for inventory purchases
B. Schedule of cash receipts for the projected sales
C. Desired ending inventory
D. Budgeted cost of goods sold
Answer: B
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Indicate whether this statement is true or false.
Control is the process of monitoring the company's operations to determine whether the company's objectives are being achieved. Effective control is achieved through all of the following except:
A. periodically measuring and comparing company results. B. assigning responsibility for costs to employees responsible for those costs. C. constantly monitoring employees to ensure they do exactly as they are told. D. taking necessary corrective action when variances warrant doing so
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A. 2.73%. B. 14.82%. C. 6.75%. D. 2.68%. E. 3.67%.
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Answer the following statement true (T) or false (F)