Net income for a particular period does not equal cash flow from operations because
a. most firms use the accrual basis of accounting to measure operating performance.
b. most firms typically recognize revenue at the time of sale, independent of when they receive the cash from the sale.
c. some firms receive cash before providing services and recognizing revenues.
d. some firms receive cash after they have provided goods and recognized revenues.
e. all of the above
E
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A use case can be used to perform which of the following tasks?
A) Transform the data model into the database design B) Validate the data model C) Fill the database with data D) Implement business rules E) Develop applications
Which of the following is a sign that a "smoothing out" costing system exists?
A) Very few indirect costs are identified as output unit-level costs. B) Products that a company is well suited to make and sell show large profits. C) Operations staff has no substantial disagreements with the reported costs of manufacturing and marketing products and services. D) The company loses bids they believe were priced competitively.