Why is it important for companies to embrace diversity and to commit to the changing demographics of our society?
What will be an ideal response?
Studies have shown diverse groups working well together perform better and are
more innovative, creative, and productive. A diverse workforce can increase market
share by helping the organization more effectively communicate with customers from
different backgrounds and cultures. Looking into the future, recent reports on
demographics project that groups currently classified as minorities will become the
majority in the United States by 2050. Organizations that do not currently foster a
diverse workforce need to harness all the talent available and commit to these changing
demographics or they risk being left behind.
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Which of the following does notrepresent an outflow of cash and therefore would notbe reported on thestatement of cash flows as a use of cash?
a. purchase of noncurrent assets b. purchase of treasury stock c. discarding an asset that had been fully depreciated d. payment of cash dividends
Janice is confused because, at her local store, she has seen three packages of toothpaste that all state the claim to be “the best.” She is not sure which one to buy. Janice should keep in mind which idea about labels?
A. All advertising labels must, legally, be truthful. B. All advertising labels should, ethically, be ambiguous. C. When we confuse labels with reality we can make major misinterpretations. D. It is okay to exaggerate the accuracy of advertising labels.
Assume the direct method is used to compute net cash flows from operating activities. For this item extracted from the financial statements-Increase in Prepaid Expenses-indicate the effect on cash payments for operating expenses by choosing one of the following:
A) Add to operating expenses to arrive at cash payments for operating expenses. B) Subtract from operating expenses to arrive at cash payments for operating expenses. C) Not used to adjust operating expenses to arrive ay cash payments for operating expenses.
Assume that divisional income from operations amounts to $187,000 and top management has established 15% as the minimum rate of return on divisional assets totaling $1,000,000. The residual income for the division is:
A) $37,000 B) $28,050 C) $67,000 D) $0