Disregarding cash flows with owners, over sufficiently long periods of time, net income equals:
a. revenues minus dividends and expenses
b. assets minus liabilities
c. stockholders' equity
d. cash inflows minus cash outflows
D
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Information captured by a management information system allows managers to do all of the following except
a. determine accurate product or service costs. b. improve processes. c. provide timely feedback. d. satisfy all customer inquiries.
A company had beginning inventory of 10 units at a cost of $20 each on March 1. On March 2, it purchased 10 units at $22 each. On March 6 it purchased 6 units at $25 each. On March 8, it sold 22 units for $54 each. Using the FIFO perpetual inventory method, what was the cost of the 22 units sold?
A. $450 B. $520 C. $490 D. $570 E. $470
If a reader needs certain information to understand a document, this information belongs in the __________ of the document
a. appendices b. body c. title d. headers
Which of the following is MOST critical to the communication process?
A) to send as many messages as you can B) to make oneself understood by others C) to take in information D) to impart ideas