Which of the following workplace activities is most likely to be the one in which your communication skills will be utilized?
A) Calculating whether sales are up this quarter using the latest figures
B) Formulating strategies to manage your new team
C) Persuading your colleagues that your idea will likely lead to increased sales
D) Analyzing the pattern of errors found in your new product
E) Designing algorithms for the to-be-developed software
Answer: C
Explanation: C) None of the other options require communication skills as they are not intended to be directed toward someone, while persuading colleagues requires talking to them and making them understand what you wish to convey.
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Below is information for Dakota Corp for 2016 and 2017: Bonds payable, December 31, 2016 $500,000 Bonds payable, December 31, 2017 800,000 Loss on bond retirement—2017 15,000 Interest expense on bonds—2017 45,000 At the end of 2017, Dakota issued bonds at par value for $800,000 cash. The proceeds from these bonds were used to retire the $500,000 bond issue outstanding at the end of 2017
(before their maturity date). All interest expense was paid in cash during 2017. The following statements describe how Dakota reported the cash flow effects of the items described above on its 2017 statement of cash flows. The indirect method is used to prepare the operating activities section. Which of the following has been reported incorrectly by Dakota? a. Proceeds of $800,000 from the issuance of bonds were reported as a cash inflow in the financing activities section. b. The loss on bond retirement of $15,000 was added to net income in the operating activities section. c. Payments of $560,000 were reported as a cash outflow in the investing activities section. d. Interest expense of $45,000 was not reported separately because it is included in net income in the operating activities section.
A "slide show" is one of the most difficult to present
a. true b. false
GAAP requires companies to use the ________ method to record bad debts expense
A) direct write-off B) allowance C) amortization D) 360-day
Sales returns:
A) Refer to merchandise that customers return to the seller after the sale. B) Refer to reductions in the selling price of merchandise sold to customers. C) Represent cash discounts. D) Represent trade discounts. E) Are not recorded under the perpetual inventory system until the end of each accounting period.