The ________ section of the statement of cash flows includes increases and decreases in long-term assets.
A) investing activities
B) financing activities
C) operating activities
D) non-cash operating activities
A) investing activities
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The cost of merchandise sold during the year was $50,000. Merchandise inventories were $12,500 and $10,500 at the beginning and end of the year, respectively. Accounts payable were $6,000 and $5,000 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total
A) $49,000 B) $47,000 C) $51,000 D) $53,000
Suppose you are the owner of a successful electric-powered, environment-friendly scooter company and plan to launch your product in India. Pick either the cost leadership or differentiation strategy and explain how you bring the scooter to India. Will you have to alter the design at all? What difficulties could the Indian market pose, and how will your strategic plan deal with them?
What will be an ideal response?
Why would a merchandising company need good internal controls related to its inventory? List three of the key elements of an internal control system that would apply to inventory, and explain how each of them does relate to inventory.
What will be an ideal response?
A process costing system is generally used by companies that produce homogeneous products
Indicate whether the statement is true or false