The percent of sales method provides a more detailed plan for future financing needs than the cash
budget because both pro forma income statements and balance sheets are used in the analysis.
Indicate whether the statement is true or false
FALSE
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Task-data dependency is
a. failure to update the files of all users affected by a change b. another term for data redundancy c. user's inability to obtain additional information as needs change d. none of the above
______ is a significant breakthrough in technology that leads to design competition and a new technology cycle.
a. Strategic change b. Discontinuous change c. Technological change d. Incremental change
In the least squares equation, y=a+bX, a represents
a. the coefficient of determination. b. the variable cost per unit. c. the level of activity. d. the fixed component of a cost.
Chatham Corp reported sales revenue of $98,000 on their income statement for 2011. From the beginning until the end of 2011, accounts receivables decreased by a net amount of $9,000. How much "cash collections from customers" should Chatham report for 2011 on their statement of cash flows?
A) $ 98,000 B) $ 89,000 C) $ 9,000 D) $107,000