Sonesta Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $7,000. The net book value of the asset was $28,900. Which of the following statements describes the cash effect of the transaction?
A) positive cash flow of $35,900 from financing activities
B) negative cash flow of $21,900 for operating activities
C) negative cash flow of $21,900 for financing activities
D) positive cash flow of $21,900 from investing activities
D .D)
Net Book Value of Equipment $28,900
Less: Loss on Sale (7,000 )
Cash Inflow from Investing Activity $21,900
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An immoral manager would most likely follow this orientation in meeting his or her organizational goals:
a. Profitability within the confines of legal obedience and ethical standards
b. Profitability is not important, since the firm's purpose is to serve the
public's needs
c. Profitability only, with no other goals considered
d. Profitability and organizational success at any price
A study showed that friendship opportunities on the job increase job satisfaction and decrease turnover
Indicate whether the statement is true or false