Assume revenues are received in cash and expenses, except for depreciation, are paid in cash. Based on this assumption, which of the following statements is true?
A) Net cash flows for a period are equal to net income minus depreciation expense.
B) Net cash flows for a period are equal to net income.
C) Net cash flows for a period are equal to net income plus depreciation expense.
D) Net cash flows for a period are equal to net income plus income tax expense.
C
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The dollar cost of reaching 1,000 members of a media vehicle's audience is the:
A) cost per thousand (CPM) B) gross rating points (GRP) C) cost per million D) effective reach
In a process cost system, the cost attributable to abnormal losses that occur due to unexpected circumstances such as machine operator error should be assigned to:
a. Ending work in process inventory. b. Cost of goods manufactured and ending work in process inventory in the ratio of units worked on during the period to units remaining in work in process inventory. c. A separate loss account in order to highlight production inefficiencies d. Cost of good manufactured (transferred out)
Define what a stakeholder is.
What will be an ideal response?
Might-E Mart LLC was formed in New Jersey. Might-E Mart's members are Oscar, who is a citizen of New Jersey, and Peri, who is a citizen of New York. For federal diversity jurisdictional purposes, Might-E is a citizen of
A. all states. B. New Jersey and New York. C. New Jersey only. D. no state.