Recent Question

The potential disadvantages of job simplification 1. The potential advantages of job simplification include all of the following EXCEPT: a) increasing operating efficiency by reducing the number of skills required to do a job. b) being able to hire low-cost labor. c) keeping the needs for job training to a minimum. d) emphasizing the accomplishment of repetitive tasks. e) increased employee turnover. 2. The potential disadv ...

Other / Other 28 Mar 2016

The job characteristics model identifies eight core job True/False 1. Job enrichment increases job breadth by having the worker perform more and different tasks, but all at the same level of responsibility and challenge. 2. Changes in a job that are designed to increase job depth are sometimes called vertical loading. 3. The job characteristics model identifies eight core job characteristics that are particularly important to ...

Other / Other 28 Mar 2016

Items cannot be found on a firm's balance sheet MULTIPLE CHOICE 1. Which of the following statements is CORRECT? a. The statement of cash needs tells us how much cash the firm will require during some future period, generally a month or a year. b. The four most important financial statements provided in the annual report are the balance sheet, income statement, cash budget, and the statement of stockholders' equity. c. The balance she ...

Other / Other 26 Mar 2016

DeYoung Devices Inc., a new high-tech instrumentation 1. The LeMond Corporation just purchased a new production line. Assume that the firm planned to depreciate the equipment over 5 years on a straight-line basis, but Congress then passed a provision that requires the company to depreciate the equipment on a straight-line basis over 7 years. Other things held constant, which of the following will occur as a result of this Congressional ac ...

Other / Other 26 Mar 2016

Danielle's Sushi Shop last year had a negative net cash flow from operations 1. Which of the following statements is CORRECT? a. The primary difference between EVA and accounting net income is that when net income is calculated, a deduction is made to account for the cost of common equity, whereas EVA represents net income before deducting the cost of the equity capital the firm uses. b. MVA gives us an idea about how much value a firm's ...

Other / Other 26 Mar 2016

To estimate the cash flow from operations TRUE/FALSE 1. In accounting, emphasis is placed on determining net income in accordance with generally accepted accounting principles. In finance, the primary emphasis is also on net income because that is what investors use to value the firm. However, a secondary financial consideration is cash flow, because cash is needed to operate the business. 2. To estimate the cash flow from operati ...

Other / Other 26 Mar 2016

Why Regal Industrial Fixtures had a negative net cash flow last year 1. Which of the following statements is CORRECT? a. Depreciation and amortization are not cash charges, so neither of them has an effect on a firm's reported profits. b. The more depreciation a firm reports, the higher its tax bill, other things held constant. c. People sometimes talk about the firm's net cash flow, which is shown as the lowest entry on the income stat ...

Other / Other 26 Mar 2016

Jessie's Bobcat Rentals' operations provided a negative net cash flow 1. Which of the following statements is CORRECT? a. If a firm reports a loss on its income statement, then the retained earnings account as shown on the balance sheet will be negative. b. Since depreciation is a source of funds, the more depreciation a company has, the larger its retained earnings will be, other things held constant. c. A firm can show a large amount ...

Other / Other 26 Mar 2016

NNR Inc.'s balance sheet showed total current assets 1. Meric Mining Inc. recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, and $1,200 of depreciation. The company had no amortization charges, it had outstanding $6,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 35%. How much was the firm's net income after taxes? Meric uses the same depreciation expense f ...

Other / Other 26 Mar 2016

Aubey Aircraft recently announced that its net income increased sharply 1. Aubey Aircraft recently announced that its net income increased sharply from the previous year, yet its net cash flow from operations declined. Which of the following could explain this performance? a. The company's operating income declined. b. The company's expenditures on fixed assets declined. c. The company's cost of goods sold increased. d. The company's d ...

Other / Other 26 Mar 2016