Total manufacturing costs and the change in Finished Goods Inventory are used to compute cost of goods sold
Indicate whether the statement is true or false
F
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What is the impact on the cash flow statement from an increase in short-term notes 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. An increase in the cash flow from investing activities
If the presenter is asked a question on material that will be covered later, what response would be most appropriate?
A) Reframing the question to something more general B) Explaining to the questioner that the material will be covered later C) Providing a short answer immediately and mention more details will follow D) Providing a detailed response and skipping the material later E) Allowing another team member to respond so the flow of the presentation is not interrupted
Which of the following types of costs should always be considered in special order decisions?
A) Unavoidable costs B) Relevant costs C) Sunk costs D) Fixed costs
William was recently hired as international relations manager for a large animal nutrition company. He set up several virtual teams to represent various global regions. William should expect which of the following to happen?
A. to spend little of his time leading these employees B. less collaboration among these employees C. challenges in building trust among teammates D. increases in company travel costs due to this structure