Budget slack is a condition in which
a. Managers grant favored employees additional time off.
b. There is an intentional overestimation of expenses.
c. Demand is low at various times during the year.
d. Excess machine capacity exists in some areas of the plant.
b
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The Sales Revenue, Delivery Expense, and Sales Discounts Forfeited accounts will be closed via the ________ account.
A) Income Summary B) Retained Earnings C) Dividends D) Stockholders' Equity
The following statements pertain to recording transactions. Which of them are true?I. Total debits should equal total credits.II. It is possible to have multiple debits or credits in one journal entry.III. Assets are always listed first in journal entries.IV. Some journal entries will have debits only.
A. II, III, and IV. B. I and II. C. I, II, and IV. D. I only.
Upon review of Young's Garden Center statement of cash flows, the following was noted: Cash flows from operating activities $ 15,000 Cash flows from investing activities 80,000 Cash flows from financing activities (60,000) From this information, the most likely explanation is that Young's is
a. using cash from operations and selling long-term assets to pay back debt. b. using cash from operations and borrowing to purchase long-term assets. c. using its profits to expand growth. d. using cash from investors to provide for operations
Paired comparison scaling is useful when the number of brands under consideration is limited to no more than seven
Indicate whether the statement is true or false