The ultimate source of an organization's culture is ________
A) its top management
B) its environment
C) the country in which the organization operates
D) its founders
E) the sociocultural backgrounds of its employees
D
Explanation: D) An organization's customs, traditions, and general way of doing things are largely due to what it has done before and how successful it was in doing it. Because of this, the ultimate source of an organization's culture tends to be its founders.
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Indicate whether the statement is true or false
For the year ending December 31, 2014, Martha Company reports net income of $23,000 and depreciation expense of $7,000. The income tax expense for the year ending December 31, 2014 is $20,000
The following data is available: December 31, 2013 December 31, 2014 Cash $25,000 $16,000 Accounts Receivable $25,000 $45,000 Inventories $60,000 $100,000 Fixed Assets $330,000 $581,000 Accumulated Depreciation $110,000 $101,000 Accounts Payable $6,000 $74,000 Wages Payable $4,000 $25,000 What is the net cash provided (used) by operating activities for the year ended December 31, 2014? Assume the indirect method is used. A) $(20,000 ) B) $23,000 C) $59,000 D) $69,000