Which the following organizations is primarily responsible for establishing GAAP today?
a. IRS
b. Securities and Exchange Commission (SEC)
c. SEC
d. None of these choices.
d
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When making claims or requesting adjustments, which of the following would be the most effective?
A) Warn the reader of the consequences of inaction. B) Apologize for the inconvenience caused. C) Clearly convey your anger and frustration. D) Be professional, no matter how angry or frustrated you are. E) Use the indirect approach.
Which of the following concepts relates to how pay rates differ across individuals?
A. pay inequity B. pay dispersion C. pay perception D. pay priority
A company's manager estimates that in the upcoming year, increasing advertising costs by $25,000 will cause sales revenue to increase by $60,000. If the company's contribution margin ratio is 35%, what will be overall effect on net operating income?
A) Net operating income will increase by $12,250. B) Net operating income will increase by $29,750. C) Net operating income will increase by $35,000. D) Net operating income will decrease by $4,000.
Float is important in the cash conversion cycle of a firm because ________
A) its presence reduces a firm's average collection period B) its presence reduces a firm's average payment period C) its presence lengthens both a firm's average collection period and its average payment period D) its presence reduces the investment that a firm must make in its cash conversion cycle