Product cost distortion can lead to all of the following except ________
a. lost business for certain product lines
b. business disasters
c. accurate costs being used to project accurate sales prices
d. bad management decisions
c
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Spacely Sprockets' sales budget shows the following expected total sales:MonthSalesJanuary$30,000February$40,000March$35,000April$30,000The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 30% in the month of sale, 68% in the month following the sale with the remainder being uncollectible and written off in the month following the sale.Required:a) Calculate budgeted accounts receivable at the end of each month from February through April.b) Calculate budgeted cash inflows from collection of receivables for each month from February through April.
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Which of the following is a benefit of the backchannel?
A) Information can be verified immediately by the audience. B) Listeners can spread the message to a much larger audience, immediately. C) Audience members have more leverage. D) Backchannels can keep presentations from spinning out of control. E) There is more control over the feedback during and after the presentation.
Which of the following types of stock has less investment risk?
A) common stock B) par value stock C) no-par stock D) preferred stock
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