Which of the following describes the cash budget?
A) It aids in planning to ensure the company has adequate inventory and cash on hand.
B) It captures the variable and fixed expenses of the business.
C) It depicts the breakdown of sales based on terms of collection.
D) It helps in planning to ensure the business has adequate cash.
D
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Companies apply the _______to determine their advertising budgets based on the industry average.
a) Regression method b) Percentage-of-sales method c) Affordable method d) Objective-and-task method e) Competitive-parity method
Purely domestic firms will be at a disadvantage to MNEs in the event of market disequilibria because:
A) domestic firms lack comparative data from its own sources. B) international firms are already so large. C) all of the domestic firm's raw materials are imported. D) None of the above; domestic firms are not at a disadvantage.