The amount of sales of a brand expected to be achieved under a set of conditions within a specified period of time is known as:
A) sales forecast.
B) market development.
C) sales potential.
D) market expansion.
A
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Special order decisions involve:
A. buying goods from other companies rather than making them internally. B. an offer from a customer to buy goods at a lower-than-normal selling price. C. an offer to sell goods at a price that is higher than normal. D. None of the above.
Answer the following statements true (T) or false (F)
1. It is important to motivate employees to give the opportunity to perform “wow” moments in ways that do not jeopardize the quality and consistency of the service product. 2. Eco-Innovations reduce the impact on the environment but often lead to less customer satisfaction because the inconvenience and difficulty in implementation. 3. A transformational leader makes jobs fun, fair, interesting, and important. 4. It is a good leader who ensures that all employees understand that each and every employee’s job has value.
U.S. GAAP and IFRS require complex procedures in accounting for income taxes. For example, firms provide for estimated warranty cost in the year they sell warranted products but delay the tax deduction until later, when firms make actual expenditures for warranty repairs. In this example, a
a. deferred tax asset arises. b. deferred tax liability arises. c. firm recognizes a revenue earlier for financial reporting than for tax reporting. d. firm recognizes a revenue earlier for tax reporting than for financial reporting. e. firm recognizes an expense earlier for tax reporting than for financial reporting.
The auditor's plan to examine interest-bearing debt most likely will include steps that require:
A. Vouching borrowing and repayment transactions. B. Comparing the book value of the debt to its year-end market value. C. Verifying the proper presentation of the debt through confirmation. D. Inspecting the accounts payable subsidiary ledger for unrecorded interest-bearing debt.