Outstanding checks refer to checks that have been:
A. Issued by the bank.
B. Written, recorded on the company books, sent to the payee, but not yet paid by the bank.
C. Held as blank checks.
D. Written, recorded, sent to payees, and received and paid by the bank.
E. Written and not yet recorded in the company books.
Answer: B
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The amount of cash received on issuance of a 9 percent, $10,000 bond dated February 1 and issued June 1 at 96 is
A) $9,300. B) $9,975. C) $9,600. D) $9,900.
As production workers become better organized and more familiar with equipment, the average cost per unit tends to decrease with the ________
A) increase in the diseconomies of scale B) accumulated production experience C) decrease in the economies of scale D) increase in derived demand E) increase in primary demand
In preparing the statement of cash flows for Year 4, internal records indicate that depreciation on manufacturing facilities totaled $800 . The firm included this amount in cost of goods sold in the income statement for Year 4 . None of the of depreciation required an operating cash flow during Year 4 . The T-account work sheet entry adds back the $800 of depreciation on manufacturing facilities
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In 2007-2008, more than 12,000 members of the Writers Guild of America went out on strike after contract negotiations with the Alliance of Motion Picture and Television Producers (AMPTP) came to impasse. The strike started in November, 2007 and concluded in February, 2008 and, by some estimates, cost the industry around $2 billion. Given the expense of the strike to the industry and lost income to the writers, what other alternatives might the writers have considered in their quest to pressure the AMPTP to make concessions? Why do you think the Writers Guild decided to strike instead of pursuing these less costly alternatives?
What will be an ideal response?