The net income reported on the income statement for the current year was $275,000 . Depreciation recorded onfixed assets and amortization of patents for the year were $40,000 and $9,000, respectively. Balances of currentasset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $50,000 $60,000 Accounts receivable 112,000 108,000 Inventories
105,000 93,000 Prepaid expenses 4,500 6,500 Accounts payable (merchandise creditors) 75,000 89,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by theindirect method?
a. $198,000
b. $324,000
c. $352,000
d. $296,000
d
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Which statement is not correct? The structured design approach
a. is a top-down approach b. is documented by data flow diagrams and structure diagrams c. assembles reusable modules rather than creating systems from scratch d. starts with an abstract description of the system and redefines it to produce a more detailed description of the system
Which of the following is a technique of subordinating the price of a product in a persuasive message??
A) ?Introducing the price early in the message B) ?Introducing the price before creating a desire for the product C) ?Mentioning the price in a simple sentence D) ?Stating the price in terms of small units
Caleb is a witness in a contro-versy involving the U.S. Drug Enforcement Administration. Caleb can be compelled to appear before an adminis-trative law judge if he is served with
a. an order for specific performance. b. a rule for parol evidence. c. a subpoena. d. a politely worded request.
Generally, an economic SWOT analysis will move in this direction:
A) the industry outlook to the broad economy to firm specific information and finally individual store sales. B) the broad economy to the industry outlook to firm specific information and finally individual store sales. C) the industry outlook to the broad economy to individual store sales and finally to firm specific information. D) the broad economy to the industry outlook to individual store sales and finally to firm specific information.