Which of the following is a condition required by the SEC for the recognition of revenue?
A) Completion of goods manufactured.
B) Execution of a promissory note.
C) Price in excess of $100.
D) Reasonable assurance of collection.
D
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Last year Lawn Corporation reported sales of $115,000 on its income statement. During the year, accounts receivable decreased by $10,000 and accounts payable increased by $15,000. The company uses the direct method to determine the net cash provided by (used in) operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be:
A. $100,000 B. $125,000 C. $90,000 D. $140,000
Employees help the team and organization through ______--the expression of constructive opinions, concerns, or ideas about work-related issues.
a. objections b. voice c. attitude d. emotes
Which sentence is better expressed?
A) We must try to, even if we are busy, answer all customer questions. B) We must try to answer all customer questions even if we are busy.
Which of the following are isolating mechanisms identified by Penrose?
a. Path dependencies in resource development b. Firm-specific knowledge possessed by managers c. Entrepreneurial vision of managers d. All of the above