Unlike internal service funds, it is frequently desirable for enterprise funds to operate at a profit.
Answer the following statement true (T) or false (F)
True
It is frequently desirable for enterprise funds to operate at a profit to provide capital for things like working capital, expansion of physical facilities and retire debt. Governments may find it desirable to use enterprise fund profits to support general government expenditures that would otherwise require increased taxes. Internal service funds account for activities that produce goods or services to be provided to other governmental units on a cost reimbursement basis.
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Which of the following adjustments would NOT be made to net income when computing cash from operating activities?
a. add an increase in Accrued Interest Payable b. deduct the purchase of store equipment c. add the decrease in Merchandise Inventory d. add the reduction in Accounts Receivable
Select a country you are familiar with--or, if you have not traveled to another country, select a region within the United States--and analyze its culture, using Hofstede’s dimensions of cultural differences.
What will be an ideal response?
Which of the following statements regarding horizontal analysis is incorrect?
A. Percentage analysis attempts to eliminate the materiality problem of comparing firms of different sizes. B. A horizontal analysis of cost of goods sold on the income statement includes dividing net income by total revenue. C. Percentage analysis involves establishing the relationship of one amount to another. D. In doing horizontal analysis, an account is expressed as a percentage of the previous balance of the same account.
Effective speaking skills are important to recruiters
Indicate whether the statement is true or false