Which of the following sections of the statement of cash flows include purchases and sales of long-term assets?
A) the financing activities section
B) the operating activities section
C) the investing activities section
D) the non-cash investing and financing section
C) the investing activities section
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The job of product or brand manager is often created when a firm wants to
A. eliminate the job of sales manager. B. do away with product "champions." C. handle many different kinds of products or brands. D. eliminate the job of the research and development department. E. None of these answers is correct.
Controls are not designed to provide assurance that:
A. The recorded accountability for assets is compared with the existing assets at reasonable intervals. B. Access to assets is permitted only in accordance with management's authorization. C. Fraud will be eliminated. D. Transactions are executed in accordance with management's authorization.
The DuPont identity measures ROE by multiplying ________
A) the current ratio × total asset turnover × the equity multiplier B) the profitability ratio × times interest earned × the equity multiplier C) the profitability ratio × total asset turnover × the equity multiplier D) the current ratio × times interest earned × the equity multiplier
Increasing the speed with which receivables are collected has no impact on the cash budget.?
Answer the following statement true (T) or false (F)