As You Consider the Benefits and Functions of Presentation Aids

question 2

Multiple Choice

As you consider the benefits and functions of presentation aids, keep in mind the most basic principle of all:

• A)Presentation aids are only aids.
• B)Follow the six-by-six rule.
• C)Avoid seductive details.
• D)Exercise restraint.
• E)Storyboard your slides.

Recognize transactions that influence cash flow but do not affect the income statement.

Determine the cash flow implications of changes to accounts receivable, inventory, and long-term liabilities.

Analyze how purchases and sales of assets affect investing activities.

Understand the role of depreciation in cash flow management.

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Definitions:

Period Cost

Operating expenses not directly associated with the production of goods, typically including selling, administrative, and other overhead costs.

Accounting Personnel

Individuals or staff working in an organization's accounting department, responsible for managing financial records and transactions.

Microcomputer

A small, personal computer designed for individual use, typically based on a microprocessor.

Administrative Expense

Expenses related to the general operation of a business, excluding production, marketing, and direct labor costs.