What is the impact on the cash flow statement from a decrease in accounts receivable, assuming the indirect method is used?
a. A decrease in the cash flow from operating activities
b. An increase in the cash flow from operating activities
c. An increase in the cash flow from financing activities
d. None. A decrease in accounts receivable has an impact only if the direct method is used
b
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In conversation with a Korean businessperson who speaks English fairly well, Meaghan discovers that much of what she has just said was not understood by the Korean. In continuing the conversation, Meaghan should
A) speak more slowly and loudly. B) discontinue the conversation until an interpreter can be found. C) keep a stern, unsmiling face to show she's serious about the conversation. D) accept blame for the misunderstanding and use simpler language.
Receivers interpret nonverbal symbols by using their senses: sight, hearing, touch, taste, and smell
Indicate whether the statement is true or false
Accounts receivable is the amount owed the firm by its suppliers.
Answer the following statement true (T) or false (F)
Beans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $162,000, variable manufacturing overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was completed with the following characteristics:Number of units in the job10Total direct labor-hours50Direct materials$ 920Direct labor cost$ 1,400The predetermined overhead rate is closest to:
A. $8.30 per direct labor-hour B. $2.80 per direct labor-hour C. $2.70 per direct labor-hour D. $5.50 per direct labor-hour