In a period of rising sales utilizing past cost and expense ratios (percent-of-sales method), when preparing pro forma financial statements and planning financing, will tend to ________
A) understate retained earnings and understate the additional financing needed
B) overstate retained earnings and overstate the additional financing needed
C) understate retained earnings and overstate the financing needed
D) overstate retained earnings and understate the financing needed
C
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Determining that proper amounts of depreciation are expensed provides assurance about management's assertions of presentation and disclosure and:
A. existence. B. completeness. C. rights and obligations. D. valuation and allocation.
Answer the following statements true (T) or false (F)
1.Geocentric organizations typically choose to mix in third-country nationals along with parent- and host-country employees. 2.Onshoring is the process of closing operations in other countries and bringing work back to the home country. 3.Culture shock is only experienced by workers moving to foreign countries, never by those returning home. 4.The most common method to manage expatriate compensation is called the balance sheet approach. 5.In the national-plus approach to expatriate compensation, the employee receives compensation based on the host country’s ordinary pay structures and then receive allowances to allow them to more closely match their living standard in their home country.
Which of the following is not a characteristic that distinguishes services from goods?
A. Services are perishable. B. Services are heterogeneous. C. A service is intangible. D. Service jobs are unskilled. E. None of these
If a project's net benefit computed on a present value basis-that is, NPV-is positive, then:?
A. ?its internal rate of return is equal to the required rate of return. B. ?it is considered a risk-free project. C. ?it is considered an acceptable investment. D. ?the required rate of return is not attainable. E. ?its payback period is more than the maximum cost-recovery time established by the firm.