If net cash flows from operating activities were $296,000, net income were $200,000, and sales were $2,000,000, cash flows to sales would equal (Round amounts to one decimal place)
A) 10.0 percent.
B) $96,000.
C) 14.8 percent.
D) 0.7 times.
C
You might also like to view...
A defined contribution plan promises employees a fixed annual pension benefit
a. True b. False Indicate whether the statement is true or false
A company's normal selling price for its product is $21 per unit. However, due to market competition, the selling price has fallen to $16 per unit. This company's current inventory consists of 190 units purchased at $17 per unit. Replacement cost has fallen to $14 per unit. Calculate the value of this company's inventory at the lower of cost or market.
A. $3230. B. $2610. C. $2760. D. $3040. E. $2660.
Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of units produced as the allocation base. The controller has recommended changing to an activity-based costing (ABC) system. She has collected the following information:ActivityCost DriverAmountMXYProduction setupsNumber of setups$82,000 8 12 Material handlingNumber of parts 48,000 56 24 Packaging costsNumber of units 130,000 80,000 50,000 $260,000 What is the total overhead per unit allocated to Product M using activity-based costing (ABC)?
A. $2.60. B. $2.00. C. $2.27. D. $1.83.
What type of business tends to be labor intensive, relying more on human resources than material resources?
A) goods producing B) service C) not-for-profit D) competitively disadvantaged E) manufacturing