The following information was taken from the operating activity section of the 2016 statement of cash flows for Limited Corp: Additions to net income: Change in accounts payable $2,000 Deductions from net income: Change in inventories 8,000 Based on the information provided, which one of the following conclusions is correct?
a. Inventories increased $8,000 in 2016.
b. The direct method was used to prepare the operating section of the cash flow statement.
c. Cash payments of merchandise exceeded cost of goods sold by $2,000.
d. Accounts payable decreased $2,000 in 2016.
a
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Saffie is a marketing consultant who specializes in small businesses. Her current client is very interested in estimating the costs for the coming year in order to find the breakeven point. Saffie knows this is an important financial statistic because below the breakeven point, the firm is operating
A. with fixed costs only. B. with minimal variable costs. C. with no revenue. D. with minimal profit. E. at a loss.
The North American Free Trade Agreement (NAFTA) has developed
a. new trade barriers that have been enacted by Canada. b. trade barrier reductions. c. a decrease in trade among the United States, Canada, and Mexico. d. entrepreneurial firms that have become less competitive.
________ prohibits discrimination on the basis of race, color, religion, sex, or national origin.
A. The Rehabilitation Act B. The FMLA C. Executive Order 11246 D. Executive Order 11452
Explain what is meant by the ethical-person organization exchange and ethical dissonance including its implications for workplace ethics.
What will be an ideal response?