Cat Nap Corp uses the indirect method to prepare the statement of cash flows
Refer to the following section of the comparative balance sheet:
Cat Nap Corp
Comparative Balance Sheet
December 31, 2017 and 2016
2017 2016 Increase/(Decrease)
Cash $45,000 $27,000 $18,000
Accounts Receivable 48,000 45,000 3,000
Merchandise Inventory 180,000 132,000 48,000
Total Assets $273,000 $204,000 $69,000
How will the change in Accounts Receivable be shown on the statement of cash flows?
A) addition to net income under the operating activities section
B) subtraction from net income under the operating activities section
C) positive cash flow under the financing activities section
D) negative cash flow under the investing activities section
B
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Classify each of the following expenditures as capital expenditure (CE) or revenue expenditure (RE).
1. ________ Repair of transmission or engine 2. ________ Sales tax paid on the purchase price 3. ________ Training of personnel for initial operation of machinery 4, ________ Modification for new use
In which of the following geographic pricing strategies would customers located close to the company pay the same amount as customers in distant locations?
A) uniform-delivered pricing B) zone pricing C) FOB-origin pricing D) location-based pricing E) reference pricing
Competition or antitrust laws are intended to prevent __________.
Fill in the blank(s) with the appropriate word(s).
The professional organization ISM refers to the _______.
a. Institute for Supply Materials b. Institute for Supply Management c. Institute for Supplier Manufacturing d. Institute for Serial Manufacturing