Racing Horse Corporation reported net income for 2010 of $200,000, sales of $540,000, expenses
(excluding depreciation) of $180,000, and depreciation expense of $60,000.
The company's accounts
receivable balance increased by $40,000 during the year and its accounts payable balance remained
the same. The company's change in cash for the year is estimated to be
A) $160,000. B) $220,000. C) $380,000. D) $100,000.
B
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a. True b. False Indicate whether the statement is true or false
Since gas prices have soared and consumers have cut back on their spending on new trucks and SUVs Ford Motor Corporation is transforming several of its plants to create small cars. Ford has engaged in:
A. benchmarking B. tactical resource realignment C. alternative selection D. portfolio evaluation E. strategic planning
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Indicate whether the statement is true or false