In general, a project's free cash flows will fall into one of three categories: (1 ) incremental costs, (2 )
sunk costs, and (3 ) opportunity costs.
Indicate whether the statement is true or false
FALSE
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Answer the following statements true (T) or false (F)
1. Financial reporting is typically much more detailed than managerial accounting. 2. Managerial accounting provides financial statements that report results of operations, financial position, and cash flows both to managers and to external stockholders. 3. The IMA standards of ethical practice require managerial accountants to maintain their professional competence. 4. The accountant for Myra Lido deliberately recorded operating expenses as operating assets in order to record a higher net income for the company. As long as the amount of the misstatement was not material, this would not be considered unethical behavior. 5. The IMA Statement of Ethical Professional Practice include confidentiality, competence, credibility, and integrity.
When a group is engaged in intergroup conflict, its cohesion tends to ________.
A. decrease B. increase C. remain the same D. Conflict has no effect on cohesion.
Employees Applaud On-Site Daycare Option is an example of a(n) ________
A) informational heading B) functional heading C) talking heading D) analytical heading
The data below represent time study observations for an assembly operation. Assume a 7% allowance factor. What is the normal time for element 3?
Observations (times in minutes) Element Performance Rating 1 2 3 4 5 1 100% 1.5 1.6 1.4 1.5 1. 5 2 90% 2.3 2.2 2.1 2.2 2.4 3 115% 1.7 1.9 1.9 1.4 1.6 4 100% 3.5 3.6 3.6 3.6 3.2 A) 1.7 min. B) 1.96 min. C) 2.11 min. D) 10.1 min. E) 11.2 min.