Ignoring income tax effects, which of the following is correct concerning depreciation?
a. Depreciation provides additional cash flow from operating activities than would have been available without the depreciation.
b. Depreciation builds a cash reserve to fund the replacement of plant, property, and equipment.
c. Depreciation reduces net income but does not usually require a cash expenditure during the period.
d. Depreciation is a systematic and rational method for allocating the cost of intangible assets over their useful lives.
e. Depreciation provides less cash flow from operating activities than would have been available without the depreciation.
C
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Choose the correct number form or capitalization choice in parentheses. Did you get (.125, 0.125 ) for the answer?
Dahlia works for a large company in the petroleum industry. It is a centralized organization with many levels of authority. What best describes the company's organizational culture?
A. Flexibility is valued. B. Managing by exception is a common practice. C. Employees may have too much decision-making responsibility. D. Emphasis is placed on obeying authority. E. Innovation is a priority.
Laura is a salsa dancer who wants to become a professional. Every time she has a performance, she places a flyer in the local community center and encourages her friends to tell others about the performance. Laura is engaging in marketing activities.
Answer the following statement true (T) or false (F)
Lagle Corporation has provided the following information: Cost per Unit Cost per PeriodDirect materials$4.85 Direct labor$3.35 Variable manufacturing overhead$1.35 Fixed manufacturing overhead $8,000Sales commissions$1.50 Variable administrative expense$0.45 Fixed selling and administrative expense $4,400 If 5,000 units are sold, the variable cost per unit sold is closest to:
A. $9.55 B. $11.55 C. $14.60 D. $11.50