The additional cost you incur when driving your car an additional mile is approximately equal to the average operational cost per mile
Indicate whether the statement is true or false.
TRUE
You might also like to view...
You're sending a solicited proposal to a local restaurant in an effort to become its primary food vendor. The letter of transmittal to accompany the proposal should follow the format for
A) positive messages. B) bad-news messages. C) persuasive messages. D) routine messages. E) operational reports.
Which of the following statements is not true?
a. A qualified opinion or an adverse opinion may bring into question the reliability of the financial statements. b. A disclaimer of opinion indicates that one should not look to the auditor's report as an indication of the reliability of the statements. c. In some cases, outside accountants are associated with financial statements when they have performed less than an audit. d. A review is substantially less in scope than an examination in accordance with generally accepted auditing statements. e. The accountant's report expresses an opinion on reviewed financial statements.
The beginning capital of the business totals $40,000 . If during the accounting period the owner invested an additional $30,000, the business made $50,000 in net income, and the owner withdrew $5,000 in cash, what is the new ending capital balance?
a. $120,000 b. $125,000 c. $115,000 d. $105,000 e. $135,000
Last year Frye Company's cash account increased by $17,000. Net cash flows from investing activities was ($40,000). Net cash flows from financing activities was $2,000. On the statement of cash flows, the net cash flows from operating activities was:
A) $17,000. B) $(21,000). C) $55,000. D) $(38,000).