Managers are alerted to projected cash shortages by means of the:
A. statement of sources and uses of cash.
B. pro forma balance sheet.
C. monthly bank statements.
D. cash budget.
Answer: D
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Who provides the following definition of organizational structure? ‘The structure of an organization can be defined simply as the sum of the total ways in which it divides labour into distinct tasks and then achieves coordination among them’.
a. Deal and Kennedy b. French, Rayner, Rees and Rumbles c. Guest d. Mintzberg
It is recommended that feedback include three key qualities which does NOT include ____.
A. positive B. objective C. descriptive D. efficient
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:•Sales are budgeted at $340,000 for November, $320,000 for December, and $310,000 for January. •Collections are expected to be 80% in the month of sale and 20% in the month following the sale. •The cost of goods sold is 75% of sales. •The company would like to maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. •Other monthly expenses to be paid in cash are $24,000. •Monthly depreciation is $15,000. •Ignore taxes. Balance SheetOctober 31Assets Cash$20,000Accounts receivable 70,000Merchandise inventory 153,000Property, plant and equipment,
net of $572,000 accumulated depreciation 1,094,000Total assets$ 1,337,000 Liabilities and Stockholders' Equity Accounts payable$254,000Common stock 820,000Retained earnings 263,000Total liabilities and stockholders' equity$ 1,337,000The cost of December merchandise purchases would be: A. $255,000 B. $240,000 C. $139,500 D. $235,500
Justice reflects the actual fairness of an authority's decision making.
Answer the following statement true (T) or false (F)