Participants traveling to meetings represent $1 out of very $4 spent on travel.
a. true
b. false
Ans: a. true
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One overall goal for the formal leader should be to ______.
a. eliminate informal leaders from the group b. enable successful delegation of decision-making to followers c. become a laissez-faire leader d. convert most groups into virtual teams
Romeiro Corporation is preparing its cash budget for September. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $160,000 and budgeted cash disbursements total $152,000. The desired ending cash balance is $70,000. The company can borrow up to $120,000 at any time from a local bank, with interest not due until the following month.Required:Prepare the company's cash budget for September in good form.
What will be an ideal response?
Lako Systems is updating a number of its procedures. The new procedures require learning new information, but not developing any new skills. The most appropriate training method is
A. lecture. B. simulation. C. on-the-job training. D. apprenticeship.
Elmore Company uses the direct method to prepare its statement of cash flows
Refer to the following financial statement information for the year ended December 31, 2017: Elmore Company Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Increase (Decrease) Cash $35,900 $19,700 $16,200 Accounts Receivable 26,900 30,100 (3,200 ) Merchandise Inventory 55,200 28,200 27,000 PP&E, net 126,000 92,000 34,000 Total Assets $244,000 $170,000 $74,000 Accounts Payable 9,800 13,800 $(4,000 ) Accrued Liabilities 5,500 1,500 4,000 Long-term Notes Payable 70,700 79,700 $(9,000 ) Total Liabilities $86,000 $95,000 $(9,000 ) Common Stock $55,000 $3,000 $52,000 Retained Earnings 115,000 78,000 37,000 Treasury Stock (12,000 ) (6,000 ) (6,000 ) Total Stockholders' Equity $158,000 $75,000 $83,000 Total Liabilities and Stockholders' Equity $244,000 $170,000 $74,000 Elmore Company Income Statement December 31, 2017 and 2016 2017 2016 Sales Revenue $289,400 Interest Revenue 2,900 Gain on Sale of Plant Assets 6,000 Total Revenues and Gains $298,300 Cost of Goods Sold 146,100 Salaries and Wages Expense 49,700 Depreciation Expense-Plant Assets 16,000 Other Operating Expense 23,200 Interest Expense 3,500 Income Tax Expense 7,800 Total Expenses 246,300 Net Income $52,000 Use the direct method, to compute the total net cash flow from operating activities. (Accrued Liabilities relate to other operating expense.) A) $(54,200 ) B) $38,200 C) $(38,200 ) D) $54,200