Budgeted production needs are determined by: a. adding budgeted sales in units to the desired ending inventory in units and deducting the beginning inventory in units from this total. b. adding budgeted sales in units to the beginning inventory in units and deducting the desired ending inventory in units from this total. c. adding budgeted sales in units to the desired ending inventory in units. d. deducting the beginning inventory in units from budgeted sales in units.

Grace period is a period of time before the credit card company starts charging late fees.truefalse

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

1. gar principles or "the principles"are intended to do what?