Questions from Business Foundation


Q: Why is it important for sales professionals to qualify prospects?

Why is it important for sales professionals to qualify prospects?

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Q: Should public companies be allowed to publish any non-GAAP performance

Should public companies be allowed to publish any non-GAAP performance metrics? Why or why not?

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Q: Why are the costs of fixed assets depreciated?

Why are the costs of fixed assets depreciated?

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Q: Why would a bank lending officer be interested in the cash flow

Why would a bank lending officer be interested in the cash flow statement of a company that is applying for a loan?

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Q: Ethical Considerations. In the process of closing the company books,

Ethical Considerations. In the process of closing the company books, you encounter a problematic transaction. One of the company’s customers was charged twice for the same project materials, resultin...

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Q: The senior partner of an accounting firm is looking for ways to

The senior partner of an accounting firm is looking for ways to increase the firm’s business. What other services besides traditional accounting can the firm offer to its clients? What new challenges...

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Q: Visit the websites of Google and Microsoft and retrieve their annual reports

Visit the websites of Google and Microsoft and retrieve their annual reports. Using these financial reports, compute the working capital, current ratio, and quick ratio for each company. Does one comp...

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Q: If you were asked to lend money to your cousin’s clothing store

If you were asked to lend money to your cousin’s clothing store to help her through a slow sales period, would you be more interested in looking at the current ratio or the quick ratio as a measure of...

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Q: Concept Integration. Your appliance manufacturing company recently implemented a just-

Concept Integration. Your appliance manufacturing company recently implemented a just-in-time inventory system (see Chapter 9) for all parts used in the manufacturing process. How might you expect thi...

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Q: What is GAAP?

What is GAAP?

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