The following information is reported in the operating activities section of Gateway's statement of cash flows for 2014: Net income $1,200,000 Increase in inventories 600,000 Decrease in accounts payable 400,000 Which one of the following conclusions can be assumed from the information provided?
a. Gateway used the direct method to determine cash flows from operating activities.
b. Gateway purchased more merchandise than it sold in 2014.
c. Cash payments for merchandise purchases were less than the amount of merchandise purchased on credit during 2014.
d. Cash payments for merchandise exceeded cost of goods sold by $200,000.
b
You might also like to view...
Cooper has proposed a next-generation product development process that is different from stage-gate models of the realization process because of ________. that is, it is fluid and adaptable, with overlapping and fluid stages for greater speed
a. fluidity b. fuzzy gates c. focused d. flexible
Which of the following is the BEST advice for including objectives in a proposal?
a. List only enough measurable and attainable objectives to accomplish the purpose of selling your proposal. b. Include a generous list of objectives, even though you know that you may not totally achieve all of them. c. Omit an objectives section; a problem statement is sufficient for defining your goals. d. Your proposal has only one objective: to convince the reader that the benefit from your product or service will outweigh the cost.
Deborah is writing a proposal to solicit business from a potential client. She should expect to spend the most time on ________
A) analyzing the purpose of the message and anticipating the needs of the client B) editing, proofreading, and evaluating the proposal C) composing the first draft of the proposal at her computer D) researching the information to include in the proposal
_____ is the process of categorizing or labeling people on the basis of a single attribute.
A. Cognitive dissonance B. Stereotyping C. Machiavellianism D. Inducement E. Negative emotionality