The meaning of developing derivative plans is to a. prepare rules to support the planning function O b. prepare policies to implement the plan O c. all the options are correct d. prepare procedures to execute the plan
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- Kyle is considering the costs to clean up the local beach after an oil spill.Which of the following statements is true about the budgeting process for the beach cleanup project? All cleanup tools will be paid for directly by the budget. Vendor expenses for removing the waste must be in the budget. The scope document is not referred to during the budgeting process. Budgeting for effort includes the cost for all cleanup equipment.Which of the following statements is CORRECT? a. Other things being equal, if a company can reduce its DSO, it will have a higher current ratio. b. Because receivables and payables are both generated by sales transactions, a company with a high receivables-to-sales ratio also has a high payables-to-sales ratio. c. Because of the costs of granting credit, it is not possible for credit sales to be more profitable than cash sales. d. In managing a firm's accounts receivable, it is possible to increase credit sales per day while keeping accounts receivable relatively stable, provided the firm can sufficiently shorten its collection period (its DSO). e. A company that makes 90% of its sales on credit and 10% in cash grows at a consistent rate of 10% each year. Since the 10% cash sales can be used to fund the 10% growth rate, such a company can hold its accounts receivable at the same level.Which of the following statements is incorrect?(a) Economic decisions arc time-invariant.(b) Time and risk arc the most important factors in any investment evaluation.(c) For a large-seal!! engineering project. engineers must consider the impact of the project on the company·s financial statements.( d) One of the primary roles of engineers is to make capital expenditure decisions.
- For each requirement, state how it is intended to help to address the risk of fraud in publicly traded organizations. a. Boards need to consist of at least 3 independent directors of 1/3 of the board which is higher. b. Boards need to hold regular executive sessions of independent directors without management present.Which of the following statements is (are) true? A SEP requires the plan sponsor to provide at least a 100% match up to 3% of all employee deferrals. A SEP plan can be established by employers who employ more than 100 employees who earn $5,000 or more during the preceding calendar year. SIMPLEs can be either contributory or noncontributory plans, whereas newly established SEP plans are always noncontributory. An employer who wants to share the responsibility of retirement plan funding should establish a SIMPLE rather than a SEP. a. 4 only. b. 2 and 3. c. 1, 2, and 4. d. 2, 3, and 4.Which of the following statements is true? [S1] In a strong form efficient market, there is no mispriced assets. [S2] In a strong form efficient market, all information is equally available to all investors. a. Statement 2 only. b. Neither of Statement 1 nor 2. c. Both statements 1 and 2. d. Statement 1 only.
- Which of the following statements is true about the budgeting process for the beach cleanup project? All cleanup tools will be paid for directly by the budget. Vendor expenses for removing the waste must be in the budget. The scope document is not referred to during the budgeting process. Budgeting for effort includes the cost for all cleanup equipment.Which of the following best describes the difference between financial accounting and tax accounting? Financial accounting is what managers use for internal, decision making purposes while tax accounting is used for creditors, investors, and the general public. They are both used for income tax reporting purposes, and they are both required by the SEC to be issued and made public so that they can be used by creditors, investors, and the general public Financial accounting is used for income tax reporting purposes and tax accounting is used by managers for internal, decision making purposes. Financial accounting is used by creditors, investors, and the general public, while tax accounting is used for income tax reporting purposes None of these answers is correctcreate a response to the followig The fixed budget is continual and constant, and under any given circumstances this budget will never change. A fixed budget is not flexible, and a fixed budget is very straightforward. When we look at the value of a fixed budget does not fluctuate based on increases or decreases in revenue, or if there is an increase in operating costs. The fixed budget’s value is determined once it is assigned to the balance sheet without change. A fixed budget will be assigned for a precise time that is shown in the organization’s budget plan (Van Baal &Meltzer 2016). The fixed budget does not show any unpredictability based on the organization’s activity (Van Baal &Meltzer 2016). When we look at a flexible budget, there is a huge difference. A flexible budget is defined as a budget based on the static budget assumptions but adjusted to reflect realized volume (Reiter & Song 2021). A flexible budget can and will be changed to meet the needs of the…
- Operational plans are shorter-term plans for implementing specific aspects of the company's strategic plans. Select one: True FalsePlanning is an essential part of achieving our goals and objectives. Whether it's a personal project, a business venture, or even a simple task, having a well-thought-out plan can make a significant difference in success. Effective planning involves setting clear objectives, identifying the necessary resources, establishing a timeline, and considering potential obstacles or challenges. It allows us to create a roadmap to guide our actions and decisions, making it more likely that we will achieve our desired outcomes. Question: How do you ensure that your planning process is adaptable to unexpected changes and challenges that may arise during the execution of your plan?The goal of the firm be defined as a Select one: O a. Target against which its cost can be measured O b. None of the options O c. Target against which its sales can be measured O d. Target against which its performance can be measured O e. Target against which its plans can be measured