Furis Corporation's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account decreased by $12,000 and its marketable securities account increased by $19,000. Net cash provided by (used in) operating activities was $18,000. Net cash provided by (used in) financing activities was $(12,000). Based on this information, the net cash provided by (used in) investing activities on the statement of cash flows was:
A. $(6,000)
B. $1,000
C. $(12,000)
D. $6,000
Answer: B
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Refer to the selected data provided for Max's Tire Center. Which of the following would result from a horizontal analysis of Max's income statement?
A) Depreciation expense increased by $3,000 or 6.67% during 2012. B) Depreciation expense increased by $3,000 or 7.14% during 2012. C) Net sales is $370,000 in 2012. D) The total assets is $500,000 in 2012.
According to egoism, an ethical system,
A. the greatest good for the greatest number should be the overriding concern of decision makers. B. individual self-interest is the actual motive of all conscious action. C. ethical behavior is based on the opinions and behaviors of relevant other people. D. the welfare of the underprivileged should be the overriding concern of decision makers. E. all people should uphold certain values that society needs to function.
If the explosion of the bill of material tells MRP how much of each part is needed, how does MRP learn when each of these parts is needed?
What will be an ideal response?
Indicate whether each of the following statements is true or false.A predetermined overhead rate should not be used to allocate overhead costs when volume varies during the year._____A predetermined overhead rate is calculated using estimated cost and volume data._____A predetermined overhead rate is calculated by dividing costs by volume, using a measure of volume such as direct labor hours or direct materials cost._____A company may need to allocate overhead costs to products to make pricing decisions for the products._____Accounting reports at the end of the fiscal year are based on estimated costs rather than actual costs._____
What will be an ideal response?