If a company is using accrual basis? accounting, when should it record? revenue?
A) when cash is received, even though services may be performed at a later date
B) when services are performed, even though cash may be received at a later date
C) when services are performed and cash is received
D) when cash is received, 30 days after the completion of the services
B) when services are performed, even though cash may be received at a later date
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Comprehensive income is
a. considered an appropriation of retained earnings when reported in the stockholders' equity section of the balance sheet. b. the result of all events and transactions that affect income during the accounting period that are reported on the income statement. c. reporting all items that are not under management's control on the statement of retained earnings. d. an all-inclusive approach to income that includes transactions that affect stockholders' equity with the exception of those transactions that affect owners.
A standardized marketing mix involves ________
A) adopting the strategy that best fits a given target market B) consistently using the communication and distribution channels that entail the lowest costs C) adjusting the product to suit market preferences D) changing the features of the product to accommodate the host country E) changing only the communication message to suit the different target markets
How effective a performance management and evaluation system is depends on how well the goals of the entire company are coordinated rather than on how well the goals of individual responsibility centers and managers are coordinated
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Using expert opinions is an example of short-term time series forecasting methods. 2. Trend factors are a component of trend-adjusted forecast (TAF). 3. Exponential smoothing models are not very adaptive. 4. Leading indicators are frequently used to track cyclical fluctuations. 5. Mean absolute deviation (MAD) is used to evaluate the validity of the regression equation for forecasting.