Given the following, what is free cash flow?
Cash flow from operating activities $ 200,000
Cash flow from investing activities $ 140,000
Cash flow from financing activities $ 56,000
Building purchases $ 50,000
Dividends Paid $ 20,000
A) $396,000
B) $270,000
C) $326,000
D) $130,000
D) $130,000
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Explain why you should only trust when it is warranted.
What will be an ideal response?
A firm has two partners: Jim and Bill. Jim owns 60% of the partnership and Bill owns 40%. In which of the following transactions will the partnership be held responsible for an individual partners' actions?
A) Jim signs a contract as a guarantor for Bill's personal loan. B) Jim buys a laptop on credit for personal use. C) Bill signs a contract to buy furniture for official use in the partnership. D) Bill defaults on payment of his personal credit card bill.
Which test is not an example of a white box test?
a. determining the fair value of inventory b. ensuring that passwords are valid c. verifying that all pay rates are within a specified range d. reconciling control totals
Natasha Corporation's Shaping Department had no beginning inventory and completed and transferred to finished goods 920 units during May. Ending inventory for May contained 80 units that were 30 percent complete as to conversion costs and 100 percent complete as to direct materials costs. The charges to the Shaping Department during May were $3,776 for conversion costs and $2,500 for direct
materials costs. Compute the cost of work transferred out if Natasha Corporation uses the FIFO costing method. a. $6,180 b. $5,980 c. $5,774 d. $6,118