The interest rate swap strategy of a firm with fixed rate debt and that expects rates to go up is to:
A) do nothing.
B) pay floating and receive fixed.
C) receive floating and pay fixed.
D) none of the above
Answer: A
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What is the impact on the cash flow statement from a decrease in accounts receivable, assuming the indirect method is used?
a. A decrease in the cash flow from operating activities b. An increase in the cash flow from operating activities c. An increase in the cash flow from financing activities d. None. A decrease in accounts receivable has an impact only if the direct method is used
Miguel, a manager for Sierra Company, is inspecting the reports provided by his company's accounting department. He wants to decide how to schedule his department's employees in production next week. Miguel is examining ________.
A) managerial accounting information B) financial accounting information C) regulatory accounting information D) organizational accounting information
Barsness Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for November. Fixed Element per MonthVariable Element per Well ServicedActual Total for NovemberRevenue $4,400$190,100Employee salaries and wages$56,800 $1,100$103,400Servicing materials $700$29,800Other expenses$34,800 $35,300?When the company prepared its planning budget at the beginning of November, it assumed that 39 wells would have been serviced. However, 43 wells were actually serviced during November.?The amount shown for "Other expenses" in the planning budget for November would have been closest to:
A. $35,300 B. $32,016 C. $34,800 D. $35,050
Which of the following statements is true of secondary data?
A. Getting information through secondary data is time-consuming. B. Secondary data will not fit the research problem exactly. C. A specific answer to a research problem will be possible using secondary data alone. D. Secondary data are relatively more expensive. E. Secondary data are current.