Which of the following is a limitation of the "percent of sales method" of preparing pro forma
financial statements?
A) Inventory levels are seldom affected by changes in sales volume.
B) A firm's investment in accounts receivable is seldom related to sales volume.
C) Not all assets and liabilities increase or decrease as a constant percent of sales.
D) The dividend payout ratio may change from one year to the next.
C
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Which of the following is true of the American realist school of law?
A) It sees law as part of society and a means of enforcing political and social values. B) It says that judges and legislators should use an inventory of community interests to familiarize themselves with the community's standards and mores. C) It believes that morality is important to determine whether discrimination exists when a business pays workers differently on the basis of their sex, race, religion, or ethnic origin. D) It is the same as the sociological school because it focuses on the larger community to determine the meaning of law.
Recording the maintenance history of processes, machines, or equipment is important for preventive maintenance, but largely irrelevant for breakdown maintenance
Indicate whether the statement is true or false