If the mean value of a variable is 200 and the median is 150, the third quartile must be at least 200
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FALSE
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1. Free cash flow is calculated by adding cash payments planned for investments in long-term assets and cash dividends to the amount of net cash provided by operating activities. 2. Investors who want to know the amount of cash a company has available for new opportunities, such as expanding into a new sales region, should analyze the company's free cash flow. 3. Free cash flow is the amount of cash available from operating activities before paying for planned investments in long-term assets. 4. Many companies use free cash flow to estimate the amount of cash that would be available for unexpected opportunities.
Wiki editors are among the highest paid professionals in emerging media
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A company purchased a tract of land for its natural resources at a cost of $1,500,000. It expects to mine 2,000,000 tons of ore from this land. The salvage value of the land is expected to be $250,000. If 150,000 tons of ore are mined during the first year, the journal entry to record the depletion is:
A. Debit Depletion Expense $93,750; credit Accumulated Depletion $93,750. B. Debit Depletion Expense $93,750; credit Natural Resources $93,750. C. Debit Cash $112,500; credit Natural Resources $112,500. D. Debit Depletion Expense $112,500; credit Accumulated Depletion $112,500. E. Debit Cash $93,750; credit Accumulated Depletion $93,750.
In the digital age, businesses have moved toward stricter corporate hierarchies and clearer lines of authority
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