Business events include
A. creating a new employee record
B. receiving a payment from a customer
C. submitting a purchase order to a vendor
D. all of the choices are correct
Answer: D
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A company is contemplating investing in a new piece of manufacturing machinery. The amount to be invested is $100,000. The present value of the future cash flows at the company's desired rate of return is $100,000. The IRR on the project is 12%. Which of the following statements is true?
A) The project should not be accepted because the net present value is zero. B) The desired rate of return used to calculate the present value of the future cash flows is less than 12%. C) The desired rate of return used to calculate the present value of the future cash flows is more than 12%. D) The desired rate of return used to calculate the present value of the future cash flows is equal to 12%.
Elmore Company uses the direct method to prepare its statement of cash flows
Refer to the following financial statement information for the year ended December 31, 2017: Elmore Company Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Increase (Decrease) Cash $35,900 $19,700 $16,200 Accounts Receivable 26,900 30,100 (3,200 ) Merchandise Inventory 55,200 28,200 27,000 PP&E, net 126,000 92,000 34,000 Total Assets $244,000 $170,000 $74,000 Accounts Payable 9,800 13,800 $(4,000 ) Accrued Liabilities 5,500 1,500 4,000 Long-term Notes Payable 70,700 79,700 $(9,000 ) Total Liabilities $86,000 $95,000 $(9,000 ) Common Stock $55,000 $3,000 $52,000 Retained Earnings 115,000 78,000 37,000 Treasury Stock (12,000 ) (6,000 ) (6,000 ) Total Stockholders' Equity $158,000 $75,000 $83,000 Total Liabilities and Stockholders' Equity $244,000 $170,000 $74,000 Elmore Company Income Statement December 31, 2017 and 2016 2017 2016 Sales Revenue $289,400 Interest Revenue 2,900 Gain on Sale of Plant Assets 6,000 Total Revenues and Gains $298,300 Cost of Goods Sold 146,100 Salaries and Wages Expense 49,700 Depreciation Expense-Plant Assets 16,000 Other Operating Expense 23,200 Interest Expense 3,500 Income Tax Expense 7,800 Total Expenses 246,300 Net Income $52,000 Use the direct method, to compute the total net cash flow from operating activities. (Accrued Liabilities relate to other operating expense.) A) $(54,200 ) B) $38,200 C) $(38,200 ) D) $54,200
The Pay as You Throw (PAYT) model is designed to
A) increase recycling. B) decrease throwing. C) increase consumption. D) decrease consumption.
Trying to maximize the short-run return on investment may not be compatible with a company's other objectives.
Answer the following statement true (T) or false (F)