Using the Direct Method For the following question(s), indicate how each transaction described would be classified on a statement of cash flows if the operating activities section is prepared under the direct method. When using the direct method, where is the sale of long-term investments for cash reported on the statement of cash flows?
A) Operating activity
B) Investing activity
C) Financing activity
D) Noncash investing and financing activity
B
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Barrington Industries anticipated selling 29,000 units of a major product and paying sales commissions of $6 per unit. Actual sales and sales commissions totaled 31,500 units and $182,700, respectively. If the company used a static budget for performance evaluations, Barrington would report a cost variance of:
A. $8,700F. B. $8,700U. C. $6,300F. D. $6,300U. E. None of the answers is correct.
Which of the following is NOT part of the three-step process of controlling?
A) Take corrective action in every case. B) Take corrective action if required. C) Measure actual performance against the standards established. D) Establish standards for measuring the project.
CircusesAs recently as twenty years ago circuses came to town with tents, animals, clowns, and other performers. An advance man arrived about two weeks before the circus actually arrived, covered the community with posters, and gave out free tickets to schoolchildren. If the advance man had done a good job, when the circus arrived and opened its tent doors, three hundred to six hundred people would fill its seats. When the largest circus organizations merged, the newly formed Ringling Bros. and Barnum & Bailey's Greatest Show on Earth began performing in 4,000-seat arenas. Attendance, however, has stagnated in recent years. People have stopped going to the circus because they miss the circus tent and the close intimate atmosphere it created. The newest thing in circuses is a return to the
tent atmosphere with an emphasis on the types of entertainment that were popular years ago. Antique circus wagons, calliope music, and cotton candy are replacing the exotic animals and the prima donna performers. To satisfy the needs of this new audience, the tent circus now sells lattes and wine.Refer to Circuses. To exhibit a societal marketing orientation, circuses could: A. rely on publicity and avoid any promotions B. empower their employees to satisfy customer wants C. donate a percentage of their profits to local educational institutions D. use relationship marketing E. emphasize customer value
Research reviews of the record-of-change efforts conclude that ________ approaches have better success than ________ ones.
A. single-method; multimethod B. limited; system wide C. ethnocentric; geocentric D. multimethod; single-method