A capital expenditure will result in an immediate increase in long-term assets
Indicate whether the statement is true or false
T
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Answer the following statements true (T) or false (F)
On the statement of cash flows, the direct method starts with accrual income and adjusts it for the non-cash items it contains.
Pay ranges:
A. may vary for jobs within a single pay grade B. do not use pay to recognize individual performance differences C. fix a single rate to be paid to all employees performing the same job D. exist whenever two or more rates are paid to employees performing the same job E. reduce managers' flexibility to deal with pressures from external markets
No-par stock
a. must always have a stated value. b. may be issued so that the company has flexibility in obtaining capital. c. is recorded in the Additional Paid-in Capital account. d. All of these are correct.
Match each of the following terms to the appropriate definitions.________ (1) Prime costs________ (2) Continuous improvement________ (3) Raw materials inventory________ (4) Corporate social responsibility________ (5) Just-in-time manufacturing________ (6) Work in Process inventory________ (7) Lean business model________ (8) Customer orientation________ (9) Managerial accounting________(10) Raw materials inventory turnover(a) An idea that rejects the notions of "good enough" or "acceptable" and challengesemployees and managers to continually experiment with new and improved businesspractices.(b) Materials a company acquires to use in making products.(c) Reveals how many times a company uses its raw materials inventory in production during a period.(d) A system that acquires
inventory and produces only when needed.(e) A concept that considers the demands of diverse stakeholders, including employees, suppliers, and society.(f) Costs directly associated with the manufacture of finished goods; includes direct materials and direct labor.(g) The idea that managers and employees understand the changing needs and wants of theircustomers and align their management and operating practices accordingly.(h) Products in the process of being manufactured but not yet complete.(i) A model whose goal is to eliminate waste while satisfying the customer and providing apositive return to the company.(j) An activity that provides financial and nonfinancial information to an organization'smanagers and other internal decision makers. What will be an ideal response?