The ____________________ determines corporate policies and selects the corporate officers
Fill in the blank(s) with correct word
board of directors
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A management accountant was working on a cash budget for Oklahoma Company when he accidentally spilled his coffee. Some of the liquid splattered on his working papers rendering a few of the amounts illegible. The budget with missing amounts indicated is provided below:
The company desires a cash cushion of $7,500 to start each month. In any month in which there is cash shortage the company's bank will extend it a loan equal to the shortage amount. The loan is assumed to have been made on the last day of the month. Any time the company has a cash surplus it must repay as much of any outstanding loans as possible. The bank charges monthly interest of 1% on
any outstanding loan balance. Required: Compute the missing amounts and enter them in the following table:
What will be an ideal response?
The statement of cash flows for Lights-On, a leading electric utility for the year ended December 31, 20x2, showed a net cash inflow from operations of $427,000 million and a net cash outflow for financing of $21,800 million. The comparative balance sheets showed a balance in cash of $32,700 at December 31, 20x1, and $101,200 at December 31, 20x2 . Compute the net amount of cash provided or used
by Lights-On's investing activities for 20x2 . a. $68,500 million provided b. $271,300 million used c. $372,500 million provided d. $336,700 million used e. $236,700 million used
Sophie issues a promissory note made "payable to the order of Molly." Molly indorses the note by signing her name and gives the note to Dana. Which of the following is correct?
a. Sophie issued a bearer instrument and Molly kept it in bearer form. b. Sophie issued an order instrument, but Molly changed it to bearer form. c. Sophie issued an order instrument and Molly kept it in order form. d. Sophie issued a bearer instrument and Molly changed it to bearer form.
One of the assumptions of cost-volume-profit (CVP) analysis is that there are no changes in the ________
A) accounts payable B) cash balance C) inventory levels D) account receivables