Today's high-intensity business environment decreases the need for strong ethics programs.
Answer the following statement true (T) or false (F)
False
Today's high-intensity business environment increases the need for strong ethics programs. Managers often struggle to align the ideal of ethical behavior with the reality of everyday business practices. See 4-7: Ethical Behavior
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When using the indirect method, the gain from selling a long-term investment is recognized in which of the following?
a. In the operating activity section and the investing activity section of the statement of cash flows. b. In the financing activity section of the statement of cash flows. c. In the noncash investing or financing activity supplemental section of the statement of cash flows. d. Gains are not recognized in the statement of cash flows under the indirect method.
If someone gives you a check that is made payable "to the order of cash," you cannot negotiate the check merely by giving it to the person to whom you wish to transfer it.
Answer the following statement true (T) or false (F)
Ainsworth is a toy manufacturer based in Australia. Which of the following most likely indicates that Ainsworth is following a diversification strategy?
A) Ainsworth increases its spending on advertising and promotion. B) Ainsworth acquires the rights to manufacture toys resembling a popular cartoon character. C) Ainsworth introduces its toys in the Indian and South-East Asian markets. D) Ainsworth enters the U.S. market with a line of children's clothing. E) Ainsworth develops a new line of educational toys targeting its current market.
Calculate the projected balance of cash at the end of August.
Berman Company is preparing its budget for the third quarter. Cash balance on July 31 was $34,000.
Assume there is no minimum balance of cash required and no borrowing is undertaken. Additional
budgeted data are provided here:
A) $16,000
B) $104,000
C) $45,000
D) $38,000