Which of the following adjustments to net income is NOT correct if you want to calculate cash flow from operating activities?
A) Add increases in accounts payable
B) Add increases in accounts receivable
C) Add back depreciation
D) Depreciation is deducted when calculating net income
B
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budgeting process where individuals who are impacted by a budget are directly involved in its development is called ________.
A) flexible budgeting B) benefit budgeting C) participative budgeting D) cooperative budgeting
Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product BDirect materials$20,000 $15,000 Direct labor 12,000 $24,000 The company's overhead costs of $108,000 are allocated based on direct labor cost. Assume 4,000 units of product A and 5,000 units of Product B are produced. What is the cost per unit for product B? (Do not round your intermediate calculations.)
A. $22.20 B. $16.80 C. $7.80 D. None of the answers are correct.
While he was employed at KyoTek, Jakob came up with an idea for an app that has the potential to make a lot of money. KyoTek has not pursued the idea yet, but the company does have it listed in its potential project list. Jakob left his job at KyoTek, and he wants to develop that app on his own. He is prohibited from doing this because of what provision?
A. Nondisclosure of information agreement B. Intellectual property agreement C. Noncompete agreement D. Nonpiracy agreement
It is an ethical violation to disclose personnel information about your co-workers even to your family
Indicate whether the statement is true or false