Which of the following operating activities results in a cash outflow?
A) paying creditors for merchandise.
B) collecting accounts receivable.
C) making cash sales.
D) receiving deposits recorded as unearned revenues.
A
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The management of Plotnik Corporation is investigating purchasing equipment that would increase sales revenues by $269,000 per year and cash operating expenses by $156,000 per year. The equipment would cost $294,000 and have a 6 year life with no salvage value. The simple rate of return on the investment is closest to (Ignore income taxes.):
A. 21.8% B. 38.4% C. 16.7% D. 23.8%
Looking at the U.S. Workers Satisfaction With All Job Aspects chart, one would deduce that most employees are
a. Not very satisfied with their jobs b. Very satisfied with their jobs c. Very happy with their jobs d. Not happy with safety conditions in their workplace
Since furniture and store equipment for Billy's Boutique will be held or used for a period longer than one year, they are considered
A. fixed assets. B. owners' equity. C. revenue. D. current assets. E. prepaid expenses.
The project charter is also called a project authorization or a project initiation document
a. True b. False Indicate whether the statement is true or false