One of the many steps in the production of toothpaste is to screw the caps on the tubes, which is still a manual process, performed by one man, Mr. Bucket. Which statement about this situation is BEST?
A) This is most appropriate for an output measure of capacity.
B) This is most appropriate for an input measure of capacity.
C) Utilization of the worker at this process step cannot be measures as it is a manual process.
D) In this case, the capacity of this step is not the maximum rate of output.
A
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Felix Skateboards Company uses the indirect method to prepare the statement of cash flows
Refer to the following income statement: Felix Company Income Statement Year Ended December 31, 2017 Sales Revenue $250,000 Interest Revenue 2,200 Gain on Sale of Plant Assets 5,100 Total Revenues and Gains $257,300 Cost of Goods Sold 124,000 Salary Expense 41,000 Depreciation Expense 14,000 Other Operating Expenses 23,000 Interest Expense 1,900 Income Tax Expense 5,200 Total Expenses 209,100 Net Income (Loss) $48,200 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $20,000. 2. Current liabilities decreased by $1,500. Compute the net cash provided by (used for) operating activities. A) $26,700 B) $40,700 C) $35,600 D) $11,700
FASB has increased its influence on executive compensation by
(a) increasing income tax rates on executive compensation (b) forbidding organizations to offer certain kinds of perquisites (c) restricting time when executives can buy or sell stock (d) establishing accounting treatment for various kinds of stock-based incentive plans