If the indirect method is used to prepare a statement of cash flows, which of the following would be added to net income to arrive at net cash flows from operating activities?
A) Amortization expense.
B) Depreciation expense.
C) Loss on sale of land.
D) All of these choices.
D
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Companies that are customer-centric typically view customers from the standpoint of what company products or services they use.
Answer the following statement true (T) or false (F)
The degrees of freedom for the t statistic to test the hypothesis about two independent samples is ________
A) n B) n - 1 C) n1 + n2 D) n1 +n2 - 2
Which of the following is considered a BRIC country?
A) Italy B) Indonesia C) Chile D) China E) Canada
Route Two Tire Company makes a special kind of racing tire. Variable costs are $220 per unit, and fixed costs are $31,000 per month. Route Two sells 500 units per month at a sales price of $300. The company believes that it can increase the price if the tire quality is upgraded. If so, the variable cost will increase to $230 per unit, and the fixed costs will rise by 25%. The CEO wishes to increase the company's operating income by 15%. Which sales price level would give the desired results? (Round your answer to the nearest cent.)
A) $990.00 per unit B) $282.00 per unit C) $318.00 per unit D) $328.20 per unit