What information does the sales budget provide for pro forma financial statements?
A. The ending balance in accounts payable which appears on the pro forma balance sheet
B. Total budgeted sales to be used on the pro forma income statement
C. Cash collections from customers to be used on the pro forma balance sheet
D. All of the answers are correct.
Answer: B
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Prices are generally more inelastic in the early stages of the product life cycle and increasingly elastic in the later stages of the product life cycle.
Answer the following statement true (T) or false (F)
______ are visual tools that can be used to make decisions in intermittent processes.
a. Gantt charts b. Assignment methods c. Pie charts d. Milestone charts
In 1992, the North Carolina Supreme Court ruled in a case entitled Goodman v. Wenco Foods, Inc, that when a substance in food causes injury to a consumer of the food, it is not a bar to recovery against the seller that the substance was natural to the food. If, in a 2008 case involving a consumer's injury caused by a fish bone in a bowl of fish chowder, the court followed the decision in Goodman
v. Wenco Foods, Inc, the court's action in the second case is an example of A)stare decisis. B)statutory law. C)public law. D)criminal law.
John has always loved Citroen cars and so he is delighted when he hears that a Citroen has won Top Gear’s award for car of the year. It takes his friends a long time to convince him that it was actually just ‘new hatchback of the year’ and the overall winner was a Jaguar. John has unintentionally changed the information he heard to match his own beliefs and attitudes. What is the term for that?
a. attitude reinforcement b. selective distortion c. enhanced perception d. selective retention e. selective hearing