Lincoln Company engaged in this transaction: Sold land it was holding for speculation. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows
A) Financing activities section.
B) Schedule of noncash investing and financing transactions.
C) Operating activities section.
D) Investing activities section.
D
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The normal selling price of our product is $42 per unit. The costs of production are direct materials, $8; direct labor, $6; variable overhead, $7; and fixed overhead, $4 (based on normal capacity). The company has received a special order for 10,600 units at a unit sales price of $23 . There is ample unused capacity to fill the order and $1 per unit will be incurred for additional freight costs
If the order is accepted, operating income will a. increase by $10,600. b. decrease by $31,800. c. increase by $21,200. d. decrease by $21,200.
Which of the following is a performance measure of internal business processes?
a. Number of new customers. b. Time taken to replace defective products. c. Percentage of employees trained in new processes. d. Revenue from new products.
Explain why you agree or disagree with each of the following statements:
You work for a medium-sized firm that relies upon a small version of a mainframe that is networked with the firm’s desktop personal computers. This is what is known as a/an:
a. mainframe b. microcomputer c. server d. minicomputer e. client/server configuration