Average payment period can be calculated as accounts payable divided by average purchases per day
Indicate whether the statement is true or false
TRUE
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Which of the following is an argument in favor of socially-responsible business practices?
A. Socially-responsible business practices can detract from a company's efforts in developing break-through innovations. B. Companies that are socially responsible can build a stronger connection with customers. C. Companies that address social problems may earn lower returns, but this allows it to pay lower taxes. D. Social responsibility focuses media attention on companies that can be controversial, but any publicity benefits long-term equity. E. All of the above are arguments that demonstrate how socially-responsible business practices support the long-term viability of a company's core business.
A graphical representation of the work left to do versus the total scheduled time of an activity or an entire project best describes
A) affinity diagram. B) burndown chart. C) Pareto chart. D) fishbone diagram.
Which is NOT true of depreciation as found in the pro forma statement?
A) Depreciation, unlike sales, tends to go down each year with the Modified Asset Cost Recovery System (MACRS). B) Unless there is a change to investments in plant, property and equipment increasing the depreciation line item, using the same percentage as that of the previous year may prove erroneous. C) The finance manager should keep constant the pro forma income statement to accommodate for the actual estimate of depreciation for the coming year based on the capital budget of the company. D) All of these statements are NOT true.
A limited liability company:
a. is taxed like a partnership b. has the liability of a corporation c. is taxed like a corporation d. is taxed like a partnership and has the liability of a corporation e. is taxed like a corporation and has the liability of a corporation