Once the weighted average cost of capital (WACC) is determined, then all projects of average risk
will be compared to the original WACC regardless of the size of the capital budget.
Indicate whether the statement is true or false
FALSE
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Which of the following should be reported as a change in accounting estimate?
A) change in the reported beginning inventory amount due to a discovery of a bookkeeping error B) increase in bad debt rate applied to net sales C) change from completed-contract method to the percentage-of-completion for revenue recognition D) change made to comply with a new FASB pronouncement
A major element that helps media editors decide whether to read a news release is ________
A) how closely public relations writers follow accepted news release format B) how much attention is given to localizing the material C) a clear indication of the release date D) whom to contact if there are questions
A promissory note:
A. Is a liability to the payee. B. Is a short-term investment for the maker. C. Is a written promise to pay a specified amount of money at a certain date. D. Is another name for an installment receivable. E. Cannot be used in payment of an account receivable.
Stakeholders are people who are also affected or whose involvement you need to resolve the matter. _________________________
Answer the following statement true (T) or false (F)