Under the judgmental approach for developing a pro forma balance sheet, the "plug" figure required to bring the statement into balance may be called the ________

A) cash balance
B) retained earnings
C) external financing required
D) accounts receivable


C

Business

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"In nearly every economic crisis, the root cause is political, not economic," observed

A. Adam Smith. B. Lee Kuan Yew. C. Ben Bernake. D. Abraham Lincoln.

Business

What journal entry format is appropriate if sales returns and allowances occur on factored accounts?

A. Sales Returns and Allowances     XX      Receivable from Factor                          XX B. Receivable from Factor               XX      Factoring Expense                                 XX C. Sales Returns and Allowances    XX      Factoring Expense                                 XX D. Factoring Expense                      XX       Sales Returns and Allowances              XX

Business

Marcus, Leroy, and Mallory are planning to give a team presentation on diversity for their company. Which of the following is NOT an effective guideline for their team presentation?

a. All team members should respond to each question asked at the end of the presentation. b. The team members should agree on the purpose and schedule. c. The team should pay close attention to each other as each member presents. d. The team should plan seamless transitions between presenters.

Business

The most recent attempt to regulate sports agents at the federal level:

A. SPORTS B. SPARTA C. ATHENS D. NCAA

Business