One of the most important contributions of a project manager is to continually remind the team what is most important
Indicate whether the statement is true or false
TRUE
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Treasury stock costing $89,050 was sold for $94,375 cash. Which of the following statements accurately describes the reporting of this transaction within the cash flow statement assuming that the indirect method is used to determine net cash flows from operating activities?
A. There is no adjustment necessary to net income but a $94,375 cash inflow is reported within the financing activities section of the cash flow statement. B. A gain of $5,325 is deducted from net income and a $94,375 cash inflow is reported within the financing activities section of the cash flow statement. C. There is no adjustment necessary to net income but a $94,375 cash inflow is reported within the investing activities section of the cash flow statement. D. A gain of $5,325 is deducted from net income and a $94,375 cash inflow is reported within the investing activities section of the cash flow statement.
Trovato Corporation is considering a project that would require an investment of $48,000. No other cash outflows would be involved. The present value of the cash inflows would be $51,840. The profitability index of the project is closest to (Ignore income taxes.):
A. 1.08 B. 0.08 C. 0.92 D. 0.07
When a company receives an interest-bearing note receivable, it will
A) debit Notes Receivable for the maturity value of the note. B) debit Notes Receivable for the face value of the note. C) credit Notes Receivable for the maturity value of the note. D) credit Notes Receivable for the face value of the note.
The accumulating, tracking, and assigning of production costs to the goods and services produced is called a:
A) pricing system. B) managerial system. C) product costing system. D) manufacturing system.