________ generally reflect(s) the anticipated financial impact of planned long-term actions.
A) A cash budget
B) Strategic financial plans
C) Operating financial plans
D) A pro forma income statement
B) Strategic financial plans
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Answer the following statements true (T) or false (F)
1. The direct method of reporting cash flows from operating activities provides clearer information about the sources and uses of cash than does the indirect method. 2. Most public companies use the indirect method to prepare their statement of cash flows because it is the method the FASB prefers. 3. Tri-City Installations Company uses the direct method to prepare its statement of cash flows. Tri-City has reported sales revenues of $200,000 on its income statement for 2018. If the balance in Accounts Receivable has increased by $10,000 during the year, then $10,000 needs to be added to $200,000 to calculate collections from customers. 4. Urban Installations Company uses the direct method to prepare its statement of cash flows. Urban has reported cost of goods sold of $95,000 on its income statement for 2018. If the balance in the Merchandise Inventory account decreased by $6,000 during the year, then $6,000 needs to be added to $95,000 to calculate payments to suppliers for inventory purchases.
The statement of cash flows reports and proves the net change in cash for a reporting period.
Answer the following statement true (T) or false (F)
In Spain, there is a cultural belief that it is natural to express emotions. Spain would likely score high on ______ in Trompenaars' dimensions of value orientations.
A. neutral B. diffuse C. affective D. specific
CircusesAs recently as twenty years ago circuses came to town with tents, animals, clowns, and other performers. An advance man arrived about two weeks before the circus actually arrived, covered the community with posters, and gave out free tickets to schoolchildren. If the advance man had done a good job, when the circus arrived and opened its tent doors, three hundred to six hundred people would fill its seats. When the largest circus organizations merged, the newly formed Ringling Bros. and Barnum & Bailey's Greatest Show on Earth began performing in 4,000-seat arenas. Attendance, however, has stagnated in recent years. People have stopped going to the circus because they miss the circus tent and the close intimate atmosphere it created. The newest thing in circuses is a return to the
tent atmosphere with an emphasis on the types of entertainment that were popular years ago. Antique circus wagons, calliope music, and cotton candy are replacing the exotic animals and the prima donna performers. To satisfy the needs of this new audience, the tent circus now sells lattes and wine.Refer to Circuses. One of the tent venues is called Barnum's Kaleidoscope, and it is in a permanent location with the hopes that people who see the show will want to return and see it again as well as bring their friends and relatives to the production. Which of the following techniques would most likely advance this strategy of referrals and repeat business? A. relationship marketing B. empowerment C. a sales orientation D. authority to delegate E. transactional marketing