All of the following statements are true regarding ratios and forecasts except:
a. Ratios cannot confirm whether forecast assumptions will turn out to be correct.
b. Ratios can tell whether future sales growth was accurately captured.
c. Ratios cannot tell whether assumptions about future cash flows are realistic.
d. Ratios can tell whether growth rates for sales are consistent with past sales growth performance.
B
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Securities issued by corporations as a form of ownership in the business, such as common or preferred stock, are called _________________________
Fill in the blank(s) with correct word
In a standard costing system, standard costs eventually flow into the
a. Cost of Goods Sold account. b. Standard Cost account. c. Selling and Administrative Expenses account. d. Sales account.
Under the doctrine of strict liability, a plaintiff cannot recover punitive damages for reckless conduct of the defendant
Indicate whether the statement is true or false
The modern approach of multitasking is recommended for dealing with your most important work assignments
Indicate whether the statement is true or false.