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NEW QUESTION: 1
Identify two statements that are true for Forecast Consumption.
A. Forecast Consumption Is the process of Increasing a Forecast quantity by the quantity of a Sales Order that the Forecast expects.
B. Current Forecast equals Original Forecast less Customer Orders.
C. Forecast Consumption Is the process of decreasing a Forecast quantity by the quantity of a Sales Order that the Forecast expects.
D. Current Forecast equals Original Forecast plus Customer Orders.
Answer: C,D

NEW QUESTION: 2
_________ assumes the business will go on indefinitely in the future.
A. Going concern
B. Materiality
C. Fair value
D. Cost
Answer: A

NEW QUESTION: 3
Click on the Exhibit Button to view the Formula Sheet. If a dealer has any intention of assigning an interest rate swap to a third party soon after transacting that swap:
A. The dealer should agree the method of assignment before transacting.
B. The dealer should make his intention to assign clear before transacting.
C. The counterparty should specify whether or not assignment would be acceptable in negotiations.
D. The dealer should not reveal his future dealing intentions to his counterparty.
Answer: B

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