Answer the following statements true (T) or false (F)
1. Because depreciation is not cash-based, it is NOT reported in the direct method of the Statement of Cash Flows.
2. Gains and losses on the sale of plant, property and equipment are ignored in the direct method of preparing a Statement of Cash Flows.
3. One formula for determining cash collections from customers is to take Sales plus the increase in Accounts Receivable.
4. In the direct method of preparing a cash flow statement, interest received and interest expense are reported in the financing activities section.
5. Dividends received by a company appear in the operating activities section of a direct method cash flow statement.
1. TRUE
2. TRUE
3. FALSE
4. FALSE
5. TRUE
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Alfrieda purchased an ownership interest in a corporation. This gives her the right to use the equipment owned by the corporation, as long as her usage does not interfere with the normal operation of the business.
Answer the following statement true (T) or false (F)
Which of the following would most likely improve coordination between marketing and sales?
A) Salespeople should directly participate in the development of new products. B) Salespeople should participate in marketing planning sessions by sharing firsthand customer knowledge. C) The sales force should strategize promotional strategies and be the primary decision makers about marketing. D) Marketing managers should field test new promotion strategies before the sales team. E) The marketing and the sales departments should conduct annual job rotations.
Which of the following is provided by both the project network and the work breakdown structure?
A. Sequencing B. Activity duration C. Dependencies D. Timing E. Interrelationships
Typical demographic data include all of the following except
A. education. B. income. C. race. D. gender. E. language differences.