Allen Services purchased 20 delivery vehicles by issuing a 20-year installment note payable for $720,000. On the statement of cash flows, this transaction would be shown in the ________.
A) investing activities section
B) non-cash investing and financing activities section
C) operating activities section
D) financing activities section
B) non-cash investing and financing activities section
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Which of the following methods does NOT require an adjusting entry to recognize bad debts?
A) percent-of receivables B) aging-of-receivables C) percent-of-sales D) direct write-off
Fez is trying to motivate his sales staff. He holds a staff meeting to explain his plan. He realized that in order for the plan to work, he needs to make sure that his team expects that their hard work will result in an increase in sales; he needs to reassure the team that meeting their sales targets will result in their receiving a percentage of their sales; and he hopes that the team will value the opportunity to make more money and see the advantages of working closely as a team. Relate Fez’s experience to the three elements of expectancy theory and explain.
What will be an ideal response?
Income statement projections realistically ________ in the first few months of operations.
A. show losses B. show profits C. break even D. show marginal profits
Farah's Falafels, a chain of Middle Eastern restaurants, periodically compares its quality and service levels to other successful restaurants in order to continually improve its own performance. This practice is known as
A. strategic mapping. B. maneuvering. C. benchmarking. D. corporate espionage. E. competitive intelligence.