Raising cash from selling investments is not the most desirable manner to increase cash flow because

Select one:

a.It decreases the tax liability

b.It is not in accordance with GAAP

c.It is unethical

d.It cannot be continued indefinitely

Cash flow from financing can be generated by:

Select one:

a.Borrowing or repaying loans

b.Buying or selling inventory

c.Ensuring that revenues consistently exceed expenses

d.Buying or selling assets

True or False: There is no maximum amount of income tax that can be deducted from an employee's pay during the year.

Select one:

True

False

Cash is generated from operating activities by:

Select one:

a.Revenue exceeding expenses

b.Receiving gifts

c.Capital exceeding expenses

d.Gains on sale of stocks

True or False: Employer payroll contributions, as required by the government, are additional expenses to the business.

Select one:

True

False

Which of the following is not a voluntary deduction?

Select one:

a.Charitable donations

b.Safety or uniform allowances

c.Income taxes

d.Union dues

Cash payments made to acquire property, plant and equipment are

Select one:

a.Cash inflows from investing activities

b.Cash inflows from operating activities

c.Cash outflows from financing activities

d.Cash outflows from investing activities

True or False: It is possible to run out of cash while net worth increases.

Select one:

True

False

If an employee's usual hourly rate is $12 per hour and they work overtime and get paid a typical overtime rate, what would their overtime hourly rate be?

Select one:

a.$18 per hour

b.$12 per hour

c.$24 per hour

d.$6 per hour

True or False: Gross pay represents the amount actually earned by the employee, and the net pay represents the amount before various deductions have been made.

Select one:

True

False