Customers and suppliers want to do business with people they can
a. keep at a distance.
b. manipulate.
c. trust.
d. cheat.
c
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Who are the users of the financial statements?
a. Management. b. Auditors. c. Taxing Authorities. d. Both A and C.
In a SWOT analysis, which of the following could you discover as potential internal strengths (helpful)?
A. Damaged reputation B. Cost advantages C. New markets D. Competitor issues
The following lots of a particular commodity were available for sale during the year: Beginning inventory 10 units at $30 First purchase 25 units at $32 Second purchase 30 units at $34 Third purchase 10 units at $35 The firm uses the periodic system and there are 20 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the
last-in, first-out method? A) $655 B) $620 C) $690 D) $659
A firm acquires information that can be used to improve decision making from a budgetary system
Indicate whether the statement is true or false