On a statement of cash flows prepared using the direct method, if Income Taxes Payable decreased during the accounting period, cash payments for taxes will be less than the expense shown on the income statement
Indicate whether the statement is true or false
False
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Which of the following inventory costing methods results in the highest value of ending inventory during a period of rising inventory costs?
A) specific identification B) weighted-average C) last-in, first-out D) first-in, first-out
One disadvantage of mall-intercept interviewing is:
A) mall-intercepts, because they require the cooperation of all stores in a mall, are difficult to implement B) have high turnover rates C) mall shoppers may not be representative of the target market population D) interviewers in mall-intercept studies are often distracted by mall activities E) shoppers may not be shown pictures or graphs
Which of the following would be classified as an opportunity in a SWOT analysis of Fun Spot?
A) A rival amusement park announces plans to open three new rides next season. B) A new luxury hotel is being constructed in the area, with the aim of luring more high-spending families on vacation. C) Gail and Ron have paid off the mortgage on Fun Spot, significantly reducing their monthly expenses. D) Fun Spot employees tend to be enthusiastic and young, projecting an image of fun and vitality at Fun Spot. E) Fun Spot plans to further diversify its offerings by beginning a two-week summer camp for elementary school students.
What is a Meetup group?
a. a nickname for informal meetings b. an international network for entrepreneurs c. local meetings with others who share a similar interest of any kind d. networking meetings sponsored by the local chamber of commerce