The phrase to describe when a foreign government's import regulations are not made readily available to the public or are hidden or disguised in bureaucratic rules or practices is:
A) not transparent
B) unfair trade practices.
C) bureaucratic procrastination.
D) limited access.
A
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The following information is available from the current period financial statements: Net income $165,000 Depreciation expense 28,000 Increase in accounts receivable 16,000 Decrease in accounts payable 21,000 The net cash flow from operating activities using the indirect method is
a. $230,000 b. $188,000 c. $198,000 d. $156,000
The contribution income statement differs from the traditional income statement in which of the following ways?
A. The effect of sales volume changes on profit is readily apparent on the traditional income statement. B. The traditional income statement separates costs into fixed and variable components. C. The contribution income statement separates costs into product and period categories. D. The traditional income statement subtracts all variable costs from sales to obtain the contribution margin. E. Cost-volume-profit relationships can be analyzed more easily from the contribution income statement.
Understanding the ways people act and interact within organizations provides three key advantages. Which of the following is not one of the three key advantages?
A. explaining behavior B. predicting behavior C. influencing behavior D. controlling behavior
The Calvin-Dogwood Partnership owns inventory that was purchased for $65,000, has a current replacement cost of $64,500, and is priced to sell for $95,000. At what amount should the inventory be recorded in the accounts of the new partnership if Alexis is to be admitted?
A) $97,000 B) $64,500 C) $65,000 D) $95,000