Recognition of revenue from sale of finished goods is:
A. An asset exchange transaction.
B. A claims exchange transaction.
C. An asset use transaction.
D. An asset source transaction.
Answer: D
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The following is a measure of a manager's performance working in a cost center
A) budget performance report B) rate of return and residual income measures C) divisional income statements D) balance sheet
Jaylah likes to tinker in her workshop. She knows that models help her form positive and productive ways of thinking that improve her performance. She uses ______.
a. constructive thought patterns b. passion c. self-observation d. self-goal setting
Tanner is choosing between two investment options. He can invest $500 now and get (guaranteed) $550 in one year, or invest $500 now and get (guaranteed) $531.40 back later today. The risk-free rate is 3.5%. Which investment should Tanner prefer?
A) $531.40 later today, since $1 today is worth more than $1 in one year. B) $550 in one year, since it is $50 more than he invested rather than $31.40 more than he invested. C) Neither - both investments have a negative NPV. D) Tanner should be indifferent between the two investments, since both are equivalent to the same amount of cash today.
Vandalay Industries' Accounts Receivable decreased by $27,000 and its Accounts Payable decreased by $17,000. What is the net effect on cash from operations under the indirect method
A) +$44,000 B) -$44,000 C) -$10,000 D) +$10,000