It is generally agreed that reverse discrimination is an acceptable practice when a racial imbalance exists.

Employers and employees both benefit by providing goods and services in lieu of additional wages for all but which one of the following reasons?

(a) economies of scale are available through group purchasing (b) goods and services escape individual income tax (c) legislation requires the provision of certain benefits (d) employees may not be able to acquire certain goods and services individually

Use the "percent of sales method" of preparing pro forma financial statements to determine the

projection for next year's accounts receivable. Make the following assumptions: current year's sales are $45,450,000; current year's cost of goods sold is $26,950,000; sales are expected to rise by 20%. The firm's investment in accounts receivable in the current year is $8,600,000. The firm's marginal tax rate is 35%. What is the projection for next year's accounts receivable? A) $8,772,000 B) $10,320,000 C) $9,575,000 D) $11,345,000