How are transfers between cash and cash equivalents treated on a statement of cash flows?
a. They are disclosed as an investing activity.
b. They are not shown as any type of cash flow.
c. They are disclosed as a financing activity.
d. They are disclosed as an operating activity.
B
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The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. The receiving department compares the quantity received with the quantity printed on the receiving report when the purchase order was prepared
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
Which topology has a large central computer with direct connections to a periphery of smaller computers? Also in this topology, the central computer manages and controls data communications among the network nodes
a. star topology b. bus topology c. ring topology d. client/server topology
At the beginning of the year, Swift, Inc.'s Work-in-Process Inventory account had a balance of $124,000. During the year, $250,000 of direct materials were used in production, and $72,000 of direct labor costs were incurred. Manufacturing overhead amounted to $832,000. The cost of goods manufactured was $676,000. What is the balance in the Work-in-Process Inventory account on December 31?
A) $1,154,000 B) $1,352,000 C) $676,000 D) $602,000
Which of the following is a disadvantage of straight product extension?
A) It involves additional product development costs. B) It involves changing the product to meet local requirements. C) It requires planning a new promotional strategy to promote the product. D) It can be costly in the long run if products fail to satisfy consumers in specific global markets. E) It requires making changes in the manufacturing process.