In Preparing a Company's Statement of Cash Flows for the Most

question 236

Multiple Choice

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: $$\begin{array} { | l | r | } \hline \text { Net income for the year was } & \$ 52,000 \\\hline \text { Accounts payable decreased by } & 18,000 \\\hline \text { Accounts receivable increased by } & 25,000 \\\hline \text { Inventories increased by } & 5,000 \\\hline \text { Depreciation expense was } & 30,000 \\\hline\end{array}$$ Net cash provided by operating activities was:

• A) $34,000.
• B) $60,000.
• C) $70,000.
• D) $80,000.
• E) $52,000.

Understand how performance management systems align with strategic objectives and the common pitfalls in their implementation.

Identify different disciplinary actions and their implications for managing underperformance.

Comprehend the importance of setting effective goals within a Management by Objectives (MBO) system and the attributes that goals should have.

Understand the methodologies and rationales behind various performance appraisal timing and feedback strategies.