Cash budgeting is important to which of the following?

A) retail stores
B) manufacturing firms
C) not for profit agencies
D) local government agencies
E) all of these


E

Business

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Effectuation is the theory that:

a. businesses should have a positive impact on people’s lives. b. the effects of ideas can be studied over time. c. the future is unpredictable yet controllable. d. emotions can influence decision-making.

Business

By law, all apartment buildings in the state where Mary lives must have smoke alarms in the ceilings. Mary suffers smoke inhalation because the smoke alarm in her apartment building was not yet installed. To win a negligence action against the building owner, Mary would have to prove:

a. a duty existed toward her. b. a breach of that duty. c. injury and causation. d. All of these.

Business

The ending inventory of a company was $450,000 as per the perpetual inventory records. The current replacement cost for the ending inventory is $410,000. Prepare the journal entry to adjust inventory

What will be an ideal response

Business

Recycle Packaging, Inc., agrees to sell 50,000 6-ounce yogurt containers to Organic Dairy Company. Recycle can obtain only 20,000 of the 6-ounce containers, but also ships 30,000 more expensive 8-ounce containers for the same price. Organic rejects the 8-ounce containers. With time for performance not yet expired, Recycle can

A. attempt to cure the defect. B. cancel the contract. C. recover the purchase price plus incidental damages. D. resell or dispose of the goods and hold Organic liable for any loss.

Business