Data becomes information when it is presented in a meaningful context.
Answer the following statement true (T) or false (F)
True
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Which one of the following would be added to net income in determining net cash flows from operating activities by the indirect method?
a. decrease in inventories b. increase in accounts receivable c. gain on sale of a long-term investment d. decrease in accounts payable
Either the enabling statute of an agency or the APA can authorize judicial review of an administrative action
Indicate whether the statement is true or false
Jessie, the regional manager of a large electronics firm, is trying to determine whether a new warehouse for her firm would be a good investment. After discussing with her firm's financial managers, she concludes that the project carries a negative NPV (Net Present Value). What should Jessie do and why?
A. She should invest in the warehouse to increase profits since a negative NPV indicates that the firm needs to generate more funds to stay afloat. B. She should not invest in the warehouse since a negative NPV means that the present value of the future cash flows does not justify the cost of the warehouse. C. She should invest in the warehouse since a negative NPV means that the cost of financing the warehouse is within the company's budget for expenses. D. She should not invest in the warehouse since a negative NPV means that the firm cannot afford the investment.
A company borrows $40,000 and issues a 3-year, 10% installment note with interest payable annually. The factor for the present value of an annuity at 10% for 3 years is 2.4869. The factor for the present value of a single sum at 10% for 3 years is 0.7513. The amount of the annual payment is $12,000.
Answer the following statement true (T) or false (F)