Detecting future cash flow shortages improves with practice in the budgeting process

In April, Seller Company sells to a customer "on account." In May, Seller Company collects from the customer. Which one of the following statements is true regarding the entry Seller Company would make in May?

A) The entry would increase total revenues. B) The entry would increase total expenses. C) The entry would increase total liabilities. D) The entry would increase total assets. E) None of the above is correct

Deciding whether to introduce a new product line is an example of a(n):

A) semistructured decision. B) procedural decision. C) nonprocedural decision. D) operational decision. E) unstructured decision.