Answer:
The statement is: False.
Explanation:
Managers must <em>make decisions based on facts and support data</em> -such as the accounting books of the company- since those sources provide <em>objective information</em> on what is happening in regards to the organization. Even if they might be allowed to follow their instinct in taking risky investment decisions, a <em>study </em>must be made before taking a step forward to analyze what the best output could be.
Thus, guessings and personal points of view are not enough for managers to conduct business.
Answer:
False
Explanation:
§ 351 establishes that businesses shall not recognize any capital gain or loss from property transferred to them in exchange of stocks or partnership share. So the businesses have to record this type of transactions at their fair market value and not their tax basis.
Answer:
$505
Explanation:
Armstrong Company
Cash flow from operating activities
Adjustments to reconcile net income to operating cash flow.
Net income
$450
Less : Increase in plant and equipment
($170)
Add : Depreciation expenses
$80
Add : Payment of dividends
$10
Add : Decrease in accounts receivable
$20
Add : Increase in long term debt
$100
Less : Increase in Inventories
($15)
Add : Decrease in Account payable $30
Net Cash flow from operating activities
$505
a) Four inequalities
- Variables:
number of adult tickets = a
number of student tickets = s
- An adult ticket costs $15 and a student ticket costs $11<span>
=> sale = 15a +</span><span> 11s
- The auditorium will seat 300 ticket-holders =>
(1) a + s ≤ 300
- The drama club wants to collect at least $3630 from ticket sale =>
(2) 15a + 11 s ≥ 3630
(3) a ≥ 0
(4) s ≥ 0 </span>
Graph
- Draw the s-axis, and highlight the positive part (s ≥ 0)
- Draw the a- axis, and highlight the positive part (a ≥ 0)
- Draw the line <span> a + s = 300 ; use the points (0,300) and (300, 0) which are the extremes of the line
- Shadow the region below the line (a + s ≤ 300)</span>
- Draw the line 15 a + 11 s = 3630; use the points (0, 242) and (330,0) which are the extrems of the line
- Shadow the region above the line (15a + 11s ≥ 3630)
The solution is the region that you shadowed twice: a triangle, located between the two inclined lines, at the left of the shadowed region.
b) List three combination of tickets that satisfy the inequalities
Choose some points that are in the solution region. For example:
1) s = 10, a = 250
2) s = 40, a = 240
3) s = 0, a = 300
Answer:
c. It has been fueled by trade, immigration and foreign investment
Explanation:
Globalization refers to integration of domestic economy with respect to the world economy.
Import quotas refers to the duties and taxes imposed on the imported goods.
The concept of Globalization has witnessed drastic rise over the years owing to international trade, removal of pre-existing trade barriers, immigration of personnel and foreign investment which has seen a rapid rise in multi national corporation growth around the world.
Thus, Globalization has been driven by trade, immigration and foreign investment.
