Alternate steps specify what steps are to be taken if a step in the ________ does not go according to plan
A) sub-flow
B) exception flow
C) normal flow
D) scenario
C
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An analysis and aging of the accounts receivable of Mahi Company at December 31 revealed the following data: Accounts Receivable ................................. $450,000 Allowance for Doubtful Accounts (before adjustment).. 25,000 (cr) Accounts estimated to be uncollectible .............. 32,000 The net realizable value of the accounts receivable at December 31 should be
a. $450,000. b. $443,000. c. $425,000. d. $418,000.
Last year Lawson Company reported sales of $150,000 on its income statement. During the year, accounts receivable decreased by $15,000 and accounts payable decreased by $35,000. The company uses the direct method to determine the net cash flows from operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis would be:
A) $165,000. B) $185,000. C) $170,000. D) $130,000.
In which of the following situations would a minor be unable to disaffirm a contract which he had made?
a. Upon restoring the consideration received in a situation involving a fully executed contract. b. Where real property is involved, upon reaching the age of majority. c. During the time of his minority or for a reasonable time thereafter. d. Where the minor wishes to perform part of a contract and disaffirm another part of the same contract.
Which of the following should be the primary goal pursued by the financial manager of a firm?
A. Maximizing net income (profits) B. Maximizing the firm's net worth, or book value C. Maximizing dividends paid to common stockholders D. Minimizing variable operating expenses E. Maximizing the market value of the firm's stock