All of the following are examples of operating activities except:
A) decisions on whether or not to schedule overtime for employees.
B) decisions on what price to charge for a product.
C) decisions on whether or not to accept a special order.
D) decisions on whether actual outcomes were similar to desired outcomes.
D
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Morgan, Inc. uses a perpetual inventory system and the net method of recording purchases. On May 12, a merchandise purchase of $20,200 was made on credit, 2/10, n/30. The journal entry to record this purchase is:
A.
| Purchases | 20,200? | |
| Accounts Payable | 20,200? |
B.
| Purchases | 19,796? | |
| Accounts Payable | 19,796? |
C.
| Merchandise Inventory | 19,796? | |
| Accounts Payable | 19,796? |
D.
| Accounts Payable | 20,200? | |
| Merchandise Inventory | 20,200? |
E.
| Merchandise Inventory | 20,200? | |
| Accounts Payable | 20,200? |
Benchmarking against direct competitors creates the risk of
a. creating products or services with identical specifications. b. becoming stagnant relative to process improvements. c. being taken over by the competitors to prevent a loss of ideas. d. all of the above.
Under the indirect method, an increase in accounts payable is:
a. added to the net income to arrive at the net cash inflow from financing activities. b. not reported in the statement of cash flows. c. added to the net income to arrive at the net cash inflow from operating activities. d. subtracted from the net income to arrive at the net cash inflow from operating activities.
What did the Civil Rights Act of 1991 amend to the 1964 act?
What will be an ideal response?