A licensee renewing 32 days after expiration will need to pay the renewal fees plus a fine of $100.

Michaelsom Company owes you $800 on account due within 15 days. Which of the following amounts on its balance sheet would help you to determine the likelihood that you will be paid in full and on time?

A. cash and accounts receivable. B. cash and property and equipment. C. cash and inventory. D. contributed capital and retained earnings.

Which of the following statements is true about key-indicator reports?

A) They provide a summary of critical information on a recurring schedule. B) They help analyze why a key indicator is not at an appropriate level or why an exception occurred. C) They are produced at predefined intervals to support routine decisions. D) They highlight situations that are out of the normal range. E) They answer unplanned information requests to support a non-routine decision.