The statement of cash flows is notuseful for
a. planning future investing and financing activities
b. determining a company's ability to pay its debts
c. determining a company's ability to pay dividends
d. calculating the net worth of a company
d
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Management accounting activities
A) are synonymous with financial accounting activities. B) are substitute for the management process. C) complement the management process. D) have nothing to do with the management process.
Tom's business has environmental databases that are readily available and cost-effective, but his vice president of operations thinks they need to develop a database for a new project. What would you advise them to do to make it the simplest, easiest, and most effective way to have that needed database?
A. Purchase it. B. License it from others. C. Patent it. D. Acquire the owner of the technology. E. Form a joint venture.
The Assembly Department of ZigZag, Inc, manufacturer of computers, incurred $280,000 in direct material costs and $70,000 in conversion costs
The equivalent units of production for direct materials and conversion costs are 1,000 and 900, respectively. The cost per equivalent unit of production for direct materials is ________. (Round your answer to the nearest cent.) A) $77.78 B) $70.00 C) $311.11 D) $280.00
The primary reason the insurance mechanism functions successfully is the:
A) existence of hazard risks B) ease with which losses can be measured C) predictability of losses via the law of large numbers D) existence of many non-industrial nations