During 2010, Heckart Corporation had sales of $250,000, net income of $25,000, average total assets of $350,000, dividend payments of $17,500, net cash flows from operating activities of $35,000, purchases of plant assets of $37,500, and sales of plant assets of $45,000 . Free cash flow equals
a. $17,500.
b. $42,500.
c. $10,000.
d. $25,000.
D
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An agreement represents a "meeting of the minds" between contracting parties.
Answer the following statement true (T) or false (F)
Renee has determined a faster way to complete monthly inventory reports. When she proposes her idea to Sal, her supervisor, he responds, “That’s a great suggestion Renee, however, because of the way each store’s UPC labels are coded, we can’t sort by department, only by store.” Sal is using which type of organizational control?
A. bureaucratic B. concertive C. technological D. unobtrusive
Carrying value
a. equals cost minus accumulated depreciation. b. equals cost minus residual value. c. is the expired cost of an asset. d. is the same as residual value.
Usually, with respect to a variable cost, optimal control is exerted when the cost
a. can be controlled prior to incurrence. b. is compared to its budget amount. c. increases steadily over time. d. is closely monitored.