The budget that is used as a basis for preparing all other budgets is the:
a. cost of goods sold budget.
b. production budget.
c. budget balance sheet.
d. sales budget.
d
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A digital ID tag that collects data on consumers' buying habits related to a particular Internet address is known as a
A. cookie. B. bot. C. spider. D. contact signature.
A firm is required to estimate a liability for repairs for products sold with a warranty. If the firm's accountants later find that the estimated amount for repairs has been overstated, the correct accounting procedure is to
a. make an adjusting entry to reduce the amount of estimate. b. make a correcting entry because the overstatement is an error. c. show the amount of overstatement on the income statement as a loss. d. do nothing for the year in question and modify the next year's estimate.
In order to prepare a sales budget, a ____ is required
A) production budget B) sales forecast C) static budget D) flexible budget
With regard to location, which of the following is NOT true?
a. Companies seldom find an ideal location. b. Companies typically find several satisfactory or acceptable locations to choose from. c. Location decisions are nonsequential. d. Location decisions are made in three stages.