Jump Company Uses the Direct Method to Prepare Its Statement

question 68

Multiple Choice

Jump Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for 2019:
Cost of Goods Sold, $150,000
Merchandise Inventory, beginning balance, $30,000
Merchandise Inventory, ending balance, $60,000
Accounts Payable, beginning balance, $8100
Accounts Payable, ending balance, $5000
Operating expenses, $28,000
Accrued Liabilities, beginning balance, $2900
Accrued Liabilities, ending balance, $6200
Use the direct method to compute the cash paid to suppliers. (Accrued Liabilities relate to operating expenses.)

• A) $158,000
• B) $158,400
• C) $183,100
• D) $207,800

Recognize the potential drawbacks of self-managing teams and strategies to mitigate these issues.

Understand the structural and personal factors that contribute to organizational conflict.

Recognize the difference between functional and dysfunctional conflict in organizations.

Identify strategies for conflict management including the enhancement of creativity and decision making.

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Definitions:

Lineage

A unilineal kin group descended from a common ancestor or founder who lived four to six generations ago and in which relationships among members can be exactly stated in genealogical terms.

Unilineal Kin Group

A social group where membership is inherited through either the male (patrilineal) or female (matrilineal) line exclusively.

Nuclear Families

A family group consisting of parents and their children, regarded as a basic social unit.

Unilineal Descent

Descent traced exclusively through either the male or the female line of ancestry to establish group membership.