Which of the following is a true statement regarding SFAS No. 95?
a. It requires all non-cash investing and financing transactions be reported in the body of the cash flow statement.
b. It requires all non-cash investing and financing transactions be reported as a supplement to the cash flow statement, either in a schedule or in a narrative format.
c. Only cash transactions are reported on the cash flow statement.
d. Only operating transactions are reported on the cash flow statement.
ANSWER: B
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Answer the following statements true (T) or false (F)
1. An organizational culture that celebrates failure helps foster innovation. 2. Innovation can be fostered by withholding raises or promotions from those whose attempts to innovate are not successful. 3. One step for fostering innovation is gaining allies by communicating your vision. 4. The most effective way to handle rewards for innovation is to provide them at the end of a successful project.
SHARE is trying to determine how many clients must be serviced in order to cover its monthly service overhead. Using the high-low method, it has determined that the variable cost per client is $800 and that the monthly fixed overhead is $28,000. Assuming an average fee of $1,200 per client, the breakeven point per month is
a. 35 clients. b. 80 clients. c. 70 clients. d. 55 clients.
Which of the following type of stock gives dividend payment over common stock?
a. preferred stock b. annual stock c. treasury stock d. callable stock e. market stock
What is marginal revenue?
A. a percentage change in price that results from a change in quantity demanded B. the total change in revenue that results from a small change in product price C. the total change in revenue that results from a large change in product price D. the change in total revenue that results from producing one additional unit E. the change in total revenue that results from selling one additional unit of a product