(Appendix) When preparing a schedule for the calculation of cash generated from operating activities under the direct method, a decrease in Accounts Receivable is
a. added to net sales.
b. subtracted from net sales.
c. added to operating expenses.
d. subtracted from cost of goods sold.
a
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A plaintiff in a negligence suit must prove that the defendant's breach of duty was the remote cause of the plaintiff's injuries.
Answer the following statement true (T) or false (F)
Which of the following is the definition of a combination journal?
a. A journal set up exclusively for service businesses; b. A journal that combines two different accounting systems; c. A journal with both special and general columns; d. A journal with financial reporting work sheets combined with the journal entry process; e. A journal for a business that combines retail and service activities
Given the following cost data, what type of cost is shown? Total Cost # of units $500 1 $1,000 2 $1,500 3 $2,000 4
A) mixed cost B) variable cost C) fixed cost D) none of the above
Which productivity enhancement technique focuses on strategic business units?
a. category management b. electronic data interchange c. just-in-time inventory management d. management by objectives