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Btheyarerequiredbylaw

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B. they are required by law.C. cash, in and of itself, can earn a very high rate of return. D. to make sure there is a pool of cash available to deal with an expected need. 183.The managers of Dakoti Clothing regularly compare their actual profits with the firm's projected profits. When deviations occur, the managers use the feedback to take corrective actionwhen necessary. The management of Dakoti Clothing is exercising financial:A. derivatives. B. control.C. planning. D. budgeting. 
184.___________ refers to the process that identifies variances by comparing actual revenues and expenses to projected revenues and expenses.
185.The need for operating funds:
186.One of the challenges of effective financial management is:
187.The concept of the time value of money indicates that:A. investments need a long time in order to produce extra money.B. the prices of goods and services will fluctuate over time due to inflation and higher costs of production.C. monetary systems tend to become more sophisticated over time.D. a dollar received today is worth more than a dollar received a year from today. 
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Chapter 27 / Exercise EX27-3
Financial and Managerial Accounting Using Excel for Success
Reeve/Warren
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188.Money has a time value because:
189.Rather than requiring cash payment for all sales, some firms offer credit to: A. keep current customers happy and attract new customers.B. improve the organization's cash flow position.C. match revenues with expenses for the same time period. D. replace accounts receivable with fixed assets. 

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Term
Spring
Professor
cossarita
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We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Financial and Managerial Accounting Using Excel for Success
The document you are viewing contains questions related to this textbook.
Chapter 27 / Exercise EX27–3
Financial and Managerial Accounting Using Excel for Success
Reeve/Warren
Expert Verified

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