A corporation uses the Indirect Statement of Cash Flows. A fixed asset has been sold for $25,000 representing a gain of $3,750. The value in the Operations section regarding this event would be:
A) $25,000
B) ($3,750)
C) $28,750
D) $3,750
B
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The following is from Goldman Inc's 2016 income statement. Purchases $172,000 Transportation-In 11,000 Inventory, January 1, 2016 26,500 Inventory, December 31, 2016 28,800 Purchase Returns and Allowances 8,400 How much will Goldman report as cost of goods purchased in its 2016 income statement?
a. $180,400 b. $174,600 c. $183,000 d. None of these choices
Michael Porter draws a firm distinction between operational effectiveness and a strategy. Briefly describe this distinction and identify when a company can claim that it has a strategy
What will be an ideal response?
Which of the following is reported in the operating section of statement of cash flows prepared under direct method?
a. Dividend paid b. Net income c. Taxes payable d. Interest paid
Companies sometimes aim too high in setting improvement targets for nonfinancial measures of performance. Managers tend to make mistakes in this area by assuming:
A. The improvement of non-financial measures leads to offensive marketing B. Qualitative metrics are more telling than quantitative metrics C. 100 percent customer satisfaction is the only important goal D. Statistical reliability and statistical validity are always important E. Leading and lagging variables do not influence time utility