What is the name given to the sum of the subtotals of the three sections (operating activities, investing activities, financing activities) of the statement of cash flows?
A. The ending cash balance
B. The amount of cash inflow for the period
C. The change in the cash account balance between the beginning and ending of the period
D. Net income for the period
Answer: C
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Dividends are a determinant of net income
a. True b. False Indicate whether the statement is true or false
Mug Shots operates a chain of coffee shops. The company pays rent of $15,000 per year for each shop. Supplies (napkins, bags and condiments) are purchased as needed. The managers of each shop are paid a salary of $2,500 per month and all other employees are paid on an hourly basis. The cost of rent relative to the number of customers in a particular shop and relative to the number of customers in the entire chain of shops is which kind of cost, respectively?
A. Fixed cost and fixed cost B. Fixed cost and variable cost C. Variable cost and fixed cost D. Variable cost and variable cost
All of the following are ways that managers use managerial information except
A) to evaluate the company's stock performance B) to evaluate the performance of a company's operations C) to support long-term planning decisions D) to determine the cost of manufacturing a product
Alex has set a goal for Haley to sell 25 gym memberships this month. Alex realizes that Haley may feel apprehensive about trying to sell such a large amount of memberships in one month, but she believes the challenge will motivate her into achieving the goal. This scenario reflects which characteristic of goal setting theory?
a. Specific goals b. Difficult goals c. Goal acceptance and commitment d. Feedback