A revolving credit account
A)
allows you to make purchases up to a credit limit.
B)
requires complete repayment each billing period.
C)
must be renewed each billing period.
D)
is for large purchases with a set repayment schedule.
A
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Which of the following is a difference between operational-level and tactical-level decision making?
A) Operational decisions are undertaken by managers, whereas tactical decisions are made by junior executives. B) Operational decisions impact the organization and its industry, whereas tactical decisions deal with routine transactions. C) Operational decisions mostly address issues like product development and marketing plans, whereas tactical decisions address issues such as investment and hiring policies. D) Operational decisions require detailed, structured information about actual transactions by customers, whereas tactical decisions need more aggregated information to monitor success and plan next steps.
If the indirect method is used to prepare a statement of cash flows, which of the following would be added to net income to arrive at net cash flows from operating activities?
a. Decrease in accounts payable b. Increase in inventory c. Decrease in prepaid expenses d. Increase in accounts receivable