Developing cross-cultural competence includes which of the following?
A) walking on eggs
B) overcoming personal biases
C) using hot button words
D) separating culture from communication
B
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All of the following are disadvantages of fair value use except
a. fair values may not be readily obtainable b. fair values may cause more fluctuations as change occurs from period to period c. comparability between companies may be impacted by different fair value measurement d. fair values only affect balance sheet accounts
Under the direct write-off method, if an accounts receivable is written off in one accounting period and is collected in the next period, which of the following is required when reinstating the account?
a. a credit to Accounts Receivable; b. a credit to Bad Debt Expense; c. a credit to Cash; d. credit to Uncollectible Accounts Recovered; e. none of these
Houze Corporation has provided the following information concerning a capital budgeting project: After-tax discount rate 7%Tax rate 30%Expected life of the project 4 Investment required in equipment$160,000 Salvage value of equipment$0 Working capital requirement$30,000 Annual sales$360,000 Annual cash operating expenses$290,000 One-time renovation expense in year 3$20,000 The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The total cash flow net of income taxes in year 3 is:
A. $47,000 B. $35,000 C. $50,000 D. $61,000
One way to neutralize a competitor's proposal that beats your price or terms is by employing a value-added approach
Indicate whether the statement is true or false