A gain on the sale of long-term assets is added back to net income to arrive at net cash flows from operating activities under the indirect method.
Answer the following statement true (T) or false (F)
False
A gain on the sale of long-term assets is subtracted from net income to arrive at net cash flows from operating activities under the indirect method.
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Pepper Department store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments:ExpenseBasis for allocation Amount RentSquare feet of floor space $24,000 AdvertisingAmount of dollar sales $30,000 AdministrativeNumber of employees $45,000 The following information is available for its three operating (sales) departments: Department Square Feet Dollar Sales Number of employees A 3,000 $280,000 6 B 3,400 $300,000 8 C 3,600 $420,000 10 Totals 10,000 $1,000,000 24 What is the total advertising expense allocated to Department B?
A. $30,000. B. $12,500. C. $ 9,000. D. $7,500. E. $10,800.
Reports that are PowerPoint based are referred to as _____
A) report decks B) infographics C) white papers D) manuscripts E) native files
Explain the use of Letters of Credit (LC).
What will be an ideal response?
What are the implications for databases and data sharing in today’s global environment?
What will be an ideal response?