Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold$530,000? Merchandise inventory, January 1 88,000? Merchandise inventory, December 31 103,000? Accounts payable, January 1 74,000? Accounts payable, December 31 63,000?
A. $618,000.
B. $504,000.
C. $545,000.
D. $556,000.
E. $541,000.
Answer: D
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The cash flow adequacy ratio is defined as:
a. True b. False Indicate whether the statement is true or false
Which of the following would NOT be considered an element of working capital?
a. Investment securities (current) b. Work in process inventories c. Accrued interest on notes payable d. Organization costs
Which statement BESTdescribes meeting agendas?
a. Few organizations or committees useagendas. b. Agendas waste time and effort because people seldom read them. c. Agendas are intended to keep a meeting moving toward its objective. d. A committee chairperson should allow no deviation from a published agenda.
Which of the following statements is true about parental leave benefits for workers in countries other than the United States?
A) Most European countries, like the United States, require a guaranteed unpaid leave. B) In France, Austria, and Finland, paid parental leave begins 3 months before childbirth. C) French working mothers are entitled to an additional paid leave until their children reach 2 years of age. D) Paid parental leave extends to 10 weeks after birth in France, 8 weeks in Austria, and almost 1 year in Finland.