E911 Technology Uses

question 55

Multiple Choice

E911 technology uses

• A) echolocation to help divers recover submerged evidence.
• B) cybertracking to locate the IP address of perpetrators of computer crime.
• C) geolocation to trace the location of a cell phone.
• D) computer modems to help disabled victims reach rescue services.
• E) electronic monitoring devices to notify police when an offender breaks house arrest.

Determine the net operating income and the adjusted Cost of Goods Sold after closing variances.

Understand the process of transferring costs in a standard cost system, including the impact on Work in Process and Finished Goods inventories.

Evaluate the financial performance of a manufacturing company through preparation of an income statement.

Analyze the impact of standard cost variances on financial statements and their closure to Cost of Goods Sold.

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Definitions:

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet account balances to calculate cash flow from operating activities.

Statement Of Cash Flows

A document detailing the inflows and outflows of cash within a company, categorized into operating, investing, and financing sections, essential for assessing financial health.

Operating Section

Part of an income statement that discloses revenues and expenses related directly to the core business operations.

Direct Method

A cash flow statement approach that lists major payments and receipts within operating activities directly.