Using the information in Table J.8 and the FCFS rule, what is the average days past due?
A) fewer than or equal to 5.0 days
B) greater than 5.0 days but fewer than or equal to 8.0 days
C) greater than 8.0 days but fewer than or equal to 9.0 days
D) greater than 9.0 days
B
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Kotter’s final step in the change model is to ______ the change by telling success stories, ensuring new hires are made aware of the change ideals and values, and publicly acknowledging the employees most instrumental in the change process.
What will be an ideal response?
Saddleback Company paid off $30,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation?
A. Liabilities, $30,000 decrease; equity, $30,000 increase. B. Assets, $30,000 decrease; equity $30,000 decrease. C. Assets, $30,000 decrease; liabilities, $30,000 decrease. D. Assets, $30,000 decrease; liabilities, $30,000 increase. E. Assets, $30,000 increase; equity, $30,000 increase.
Use the following income statement and information about changes in noncash current assets and liabilities to (1) prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method and (2) compute the company's cash flow on total assets ratio for the year assuming that average total assets are $525,250.Davey CompanyIncome StatementFor Year Ended December 31Sales?$880,000Cost of goods sold? 487,000Gross profit?$393,000Operating expenses:?? Salaries expense$144,000? Rent expense 76,000? Depreciation expense 45,000? Amortization expense 22,000? Utilities expenses 12,000 299,000Income from operations?$ 94,000Loss on sale of equipment? 14,000Income before taxes?$
80,000Income tax expense? 28,500Net Income?$ 51,500Changes in current asset and current liability accounts for the year that relate to operations follow.Increase in accounts receivable$ 32,000Increase in accounts payable (all accounts? payable transactions are for inventory)13,500Decrease in prepaid expenses9,200Decrease in merchandise inventory14,000Decrease in long-term notes payable20,000 What will be an ideal response?
The manager of a revenue center has control over:
A) profit and investment decisions. B) revenues and costs. C) revenues only. D) revenues and profit