An outdoor water park that has a calendar year-end and is located in an area of the country that has warmer weather during April through September and colder weather during the rest of the year is likely to have:
A. unpredictable fluctuations in cash flow from quarter to quarter.
B. a fairly stable cash flow across all four quarters.
C. the largest cash inflow from operating activities in the fourth and first quarters (October through March).
D. the largest cash inflow from operating activities in the second and third quarters (April through September).
Answer: D
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On June 30, 2018, Chris Brothers, Inc. showed the following data on the equity section of their balance sheet:
On July 1, 2018, the company declared and distributed a 8% stock dividend. The market value of the stock at that time was $17 per share. Following this transaction, what is the balance of Paid-In Capital in Excess of Par—Common?
A) $227,640
B) $523,160
C) $271,000
D) $457,880
A company had 48,000 shares outstanding from January 1 to June 1 and 72,000 shares outstanding from June 1 to December 31 . What is the weighted-average number of shares used in earnings per share calculations?
a. 58,000 b. 60,000 c. 62,000 d. 64,000
Velocity Ltd. is a sports car manufacturer. Which of the following is a value-adding cost for Velocity?
A) Salary of the payroll department B) Cost of tires used in cars C) Cost of office supplies D) Salary of operations manager
Forecasts of individual products tend to be more accurate than forecasts of product families
Indicate whether the statement is true or false