In a manufacturing organization, the cash budget is prepared immediately after the sales budget
Indicate whether the statement is true or false
F
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In general, HR departments should be able to improve their performance through some combination of greater efficiency and greater effectiveness. In this context, greater effectiveness means that
A. the average employee compensation in the organization is well above the prevailing market rate. B. the HR personnel use fewer and less-costly resources to perform its functions. C. what the HR department does has a more beneficial effect on employees' and the organization's performance. D. there is a relatively narrow gap between the highest and the lowest salaries paid in the organization. E. the rate of employee turnover is considerably high.
Which of the following is not true?
A. The auditor should not communicate with management until the audit of internal control over financial reporting is finished. B. If fraud is discovered, the auditor must report it to the appropriate level of management. C. Written communication between the auditor and management about internal control over financial reporting should include the definitions of control deficiencies, significant deficiencies, and material weaknesses. D. The auditor should not include in the audit report that no significant deficiencies were noted during an audit of internal control over financial reporting.
Operating leverage predicts the effects that fixed costs have on operating income when ________.
A) production is discontinued B) there are no sales returns C) variable costs change D) sales volume changes
Expenses can be matched against revenues:
A) if the earnings process is not complete. B) when cash is collected from the sale of products. C) in the same period as the revenue that it helped to generate. D) when payment is made for costs related to revenue.