The cash flow from operations to capital expenditures ratio measures a company's ability to
a. use operations to finance its acquisitions of productive assets.
b. use cash flows from capital expenditure transactions to maintain working capital.
c. increase its capital expenditures as a result of profitable operations.
d. pay its current bills from profits made using productive assets.
a
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With a limited work force and a desire to maintain strong internal control, which combination of duties performed by a single individual presents the least risk exposure?
a. maintaining the inventory ledger and recording the inventory journal voucher in the general ledger b. recording the inventory journal voucher in the general ledger and maintaining custody of inventory c. maintaining the cash disbursements journal and recording direct labor costs applied to specific jobs d. preparing the accounts payable journal voucher and recording it in the general ledger
A common advantage of group incentives is that:
A. the best performers will maximize their efforts to make up for free riders. B. they broaden the individual outlook of group members. C. they encourage team members to compete with each other. D. they always equally reward the performance of all employees. E. there is very little chance of infighting or conflict with group incentives.
Every day at Coat Tech, Bill sands down cars and then Brian removes the dust. Next, Loni sprays primer on them, and Katie sprays paint and a topcoat on them. Finally, Lyle dries the cars and polishes them. Each person is the best team member at performing the job he or she does. Coat Tech's workers have ________ interdependence.
A. outcome B. sequential C. virtual D. task E. goal
In certain cases, a court excuses nonperformance of a contract where an unexpected and unforeseeable event occurs that frustrates the purpose of the contract
Indicate whether the statement is true or false