One brand of tomato sauce advertises that the tomatoes it uses are processed within 24 hours of being picked to ensure product freshness. The fresh tomatoes it buys from growers are examples of:
A. OEM parts
B. raw materials
C. component parts
D. processed materials
E. supplies
Answer: B
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Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements—Decrease in Accounts Payable—indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
a. Add to net income to arrive at net cash flows from operating activities b. Subtract from net income to arrive at net cash flows from operating activities c. Not used to adjust net income to calculate net cash flows from operating activities
Which of the following promises does not have to be evidenced by writing in order to be enforceable?
A) Jerry's agreement with Monique to buy her condominium for $200,000 B) Stewart's promise to work for Austin for a two-year period C) Christopher's promise to Midwest Credit Union that he will make payments on his son's truck if his son does not pay D) Mindy's agreement with Chelsea to buy her bike for $400
Interest-rate swaps are more liquid than futures contracts
Indicate whether the statement is true or false
When a person accused of a crime by the police makes an initial appearance in court and the government attorney presents the criminal charges, the court appearance is called:
a. an indictment b. a Miranda rights c. a pleading d. a nolo contendere e. none of the other choices