Which of the following is a way to manage capacity by adjusting short-term capacity levels?
A) Varying the price of goods or services
B) Adding peripheral goods and/or services
C) Providing reservations
D) Shifting work to slack periods
D
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A contract does not need to be in writing to be enforceable if the contract makes performance within one year possible.
Answer the following statement true (T) or false (F)
Over time, a skimming policy often involves
A. profit minimization in the market introduction stage. B. price movement down the demand curve. C. declining sales and profits. D. price movement up the demand curve. E. efforts to target the top portion of the demand curve.
Accounts receivable that are written off should not be turned over to a collection agency.
Answer the following statement true (T) or false (F)
A company had the following transactions during the year:1. Paid rent for the next two years, $8,000.2. Purchased office supplies on account, $2,400.3. Purchased equipment, paying $12,000 cash and issuing a note payable for $4,000.4. Borrowed from the bank, $6,000.5. Paid employee salaries, $7,200.6. Paid $2,000 on account related to transaction 2 above.7. Paid dividends to stockholders, $2,800.8. Sold land for $10,000 that was purchased in a prior year for $7,500.9. Collected cash from customers for services provided, $25,700.Calculate cash flows from operating activities, investing activities, and financing activities.
What will be an ideal response?