Haley Inc had the following information related to last year's purchases: Cost of goods purchased $85,000 Accounts payable - beginning 3,000 Accounts payable - ending 5,000 What amount would be reported as "cash outflows for purchases" on the statement of cash flows using the direct method?
A) $93,000
B) $87,000
C) $77,000
D) $83,000
D
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It is easy for marketing managers to predict how long a product or brand will stay in each stage of the product life cycle.
Answer the following statement true (T) or false (F)
Which of the following is a difference between product invention and product adaptation?
a. Product invention involves altering the promotional strategies for a product, while product adaptation does not involve altering such strategies. b. Product invention takes the marketing mix into consideration, while product adaptation does not take it into consideration. c. Product invention involves drastically changing an existing product, while product adaptation involves slightly altering a basic product. d. Product invention applies only to products that are displayed in local markets, while product adaptation applies to products all around the world.
Assume there was no beginning work in process inventory and the ending work in process inventory is 70% complete with respect to conversion costs. Under the weighted-average method, the number of equivalent units of production with respect to conversion costs would be:
A. less than the units started during the period. B. less than the units completed. C. the same as the units completed. D. the same as the units started during the period.
The two elements of the crime are the __ _ and __ __
Fill in the blank(s) with the appropriate word(s).