A cash budget differs from an income statement because the cash budget 1. does not determine profits or losses 2. excludes depreciation expense 3. uses disbursements and not expenses
A. 1 and 2
B. 1 and 3
C. 2 and 3
D. 1, 2, and 3
Answer: B
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Basic criteria that marketers should keep in mind while assessing opportunities in global markets include all of the following except:
A) current size of the market segment. B) anticipated growth potential of the market. C) compatibility with company's overall objectives. D) competition in the market. E) securing first mover advantage.
Describe two tests of controls that would provide evidence that the database management system is protected against unauthorized access attempts
The market value of any real or financial asset, including stocks, bonds, or art work purchased in hope of selling it at a profit, may be estimated by determining future cash flows and then discounting them back to the present.
Answer the following statement true (T) or false (F)
Which statement about inventory costing methods is true?
a. All statements are true. b. During periods of rising prices, using FIFO offers an income tax savings. c. When LIFO is used during a period of rising prices, the company's gross profit will be higher. d. If the cost of units does not change, all three methods will yield the same results.