Santa Fe Company was started on January 1, Year 1, when it acquired $9800 cash by issuing common stock. During Year 1, the company earned cash revenues of $6200, paid cash expenses of $3650, and paid a cash dividend of $1200. Which of the following is true based on this information?
A. The Year 1 statement of cash flows would show net cash inflow from operating activities of $2550.
B. The December 31, Year 1 balance sheet would show total equity of $16,000.
C. The Year 1 statement of cash flows would show a net cash inflow from financing activities of $9800.
D. The Year 1 income statement would show net income of $1350.
Answer: A
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Answer the following statement true (T) or false (F)
An individual may not be granted a discharge if the individual ________.
A. works for a corporation B. has obtained a loan from a secured creditor C. has obtained one within the previous eight years D. submits to the questioning of the creditors
Enlightened self-interest, an important justification offered for corporate social responsibility (CSR), presumes that:
A. profits are independent of ethics. B. good ethics can also be good business. C. measurement of bottom-line impact of ethical decision making is unimportant. D. bottom-line impact of ethical decision making can be measured and compared.
Bottlenecks are
a. machine constraints in the production line. b. machine constraints that restrict the production cycle so idle time at other processes occurs. c. useful for identifying any production spot slowdown. d. restrictions on raw material sources but not the quantity of output.