Which of the following best describes a company's operating activities?
A) Operating activities are cash flows directly related to earning income.
B) Operating activities are necessary to provide the money to start a business.
C) Operating activities are needed to provide the valuable assets required to run a business.
D) Operating activities represent the right to receive a benefit in the future.
A
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The value of something we give up in order to obtain something else is referred to as a(n) ________
A) transformation cost B) opportunity cost C) exchange D) variable cost E) marginal cost
A firm has total assets of $500 million, including its accounts receivable, which is worth $120 million. The annual sales of the firm is $650 million. The days sales outstanding (DSO) ratio of the firm is:
A. 48.2 days. B. 52.7 days. C. 39.6 days. D. 82.1 days. E. 66.5 days.
Why do people deserve to be treated differently from other factors of production, such as land, capital, and technology?
What will be an ideal response?
Loach Corp. had the following inventory data:
Assuming FIFO, what is the ending inventory after the July 14 sale? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
A) $200
B) $63
C) $220
D) $212