Performance bonds, warranties, and guarantees are financial instruments used to share risk.
Answer the following statement true (T) or false (F)
False
Performance bonds, warranties, and guarantees are financial instruments used to transfer risk.
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______ messages stress affinity toward a person, place, or object.
A. Commitment B. Liking C. Authority D. Contrast
Which of the following is not considered a pro forma financial statement?
A. Balance sheet B. Cash flow statement C. Sales budget D. Income statement
Wal-Mart's Retail Link database is one of the world's largest databases and allows many of their suppliers to view real-time sales data of their products for each store. This allows suppliers to assess the demand for their products and to optimize their own level of inventory and related logistics costs. How is this cost savings ultimately passed on to Wal-Mart and its customers?
What will be an ideal response?
Net income for a particular period does not equal cash flow from operations because
a. most firms use the accrual basis of accounting to measure operating performance. b. most firms typically recognize revenue at the time of sale, independent of when they receive the cash from the sale. c. some firms receive cash before providing services and recognizing revenues. d. some firms receive cash after they have provided goods and recognized revenues. e. all of the above