(CMA Dec 95 #4) Refer to the Alsup Company example. The total of cash provided (used) by operating activities plus cash provided (used) by investing activities plus cash provided (used) by financing activities is
a. cash provided of $284,000.
b. cash provided of $178,000.
c. cash used of $178,000.
d. cash used of $582,000.
e. cash used of $284,000.
B
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Which situation indicates a weak internal control structure?
a. the mailroom clerk authorizes credit memos b. the record keeping clerk maintains both accounts receivable and accounts payable subsidiary ledgers c. the warehouse clerk obtains a signature before releasing goods for shipment d. the accounts receivable clerk prepares customer statements every month
On January 1 . 2014, Ashton Company purchased equipment at a cost of $570,000 . The equipment was estimated to have a useful life of five years and a salvage value of $60,000 . Ashton uses the sum-of-the-years'-digits method of depreciation. What should the accumulated depreciation be at December 31 . 2016?
a. $340,000 b. $408,000 c. $456,000 d. $510,000
Today's MIS focuses on activities rather than costs
Indicate whether the statement is true or false
Pacific Division for Bean Company has a rate of return on investment of 28% and an investment turnover of 1.4. What is the profit margin?
A) 28% B) 20% C) 14% D) 39.2%