How is it possible for a company to show a net loss for a given year, yet produce positive net cash flows from operating activities?
A net loss means that accrual-based expenses exceeded accrual-based revenue for the period. However, if you eliminate the effect of such noncash expenses as depreciation, and include the cash flows from previous periods' sales, it is possible to have produced positive net cash flows from operating activities.
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Michael’s estimated current monthly take-home pay is $4,500. His total existing monthly benefit is $2,950. Michael’s estimated monthly disability benefit is:
A. $1,550. B. $550. C. $2,950. D. $7,450. E. $4,500.
Lori sent her résumé to a company she'd really like to work for. It's been several weeks, and she hasn't heard anything. She has decided to send a résumé follow-up message to the company. Sending this message will ________
A) jog the memory of the personnel officer B) allow her to emphasize her qualifications or add new information C) demonstrate her serious interest D) do all of these
The difference between part-time work and job sharing is that
A. a firm saves money by hiring part-timers to do full-time work by classifying them as part-time, but if they classify two part-timers as job sharing, they must pay them more than they would a part-time employee. B. jobs that are classified as part-time are jobs that can be done in a shorter amount of time than that of a full-time job, whereas job sharing creates one full-time position out of two part-time employees. C. part-timers work individually?they simply come to work, do their jobs, and leave?whereas people in job-sharing positions work more on teams. D. part-time work requires people who have more skills than does job sharing, where one person can have certain skills, and the person he job shares with has skills he does not. E. people in job-sharing positions still receive benefits because they are essentially filling a full-time position, while part-timers do not receive benefits.
During the current year, Gomez Co. had beginning inventory of $2800 and ending inventory of $2400. The cost of goods sold was $5200. What is the amount of inventory purchased during the year?
A. $10,400 B. $7600 C. $5200 D. $4800