A business provides goods and services in exchange for sales revenues.
Answer the following statement true (T) or false (F)
True
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A donut shop chain opened its first store outside of North America with the opening of a shop in Australia. The donut company used a ________ strategy
A) market development B) product penetration C) market penetration D) cash cow E) product development
The Second Law of Service suggests that?
a. It is easy to play catch-up b. Satisfaction = perception – expectation c. Perception = satisfaction – expectation d. It is difficult to play catch-up
To use the transportation simplex method, a transportation problem that is unbalanced requires the use of
a. artificial variables. b. one or more transshipment nodes. c. a dummy origin or destination. d. matrix reduction.
Maloney Corporation's balance sheet and income statement appear below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$26 $22 Accounts receivable 44 49 Inventory 38 40 Property, plant and equipment 646 500 Less accumulated depreciation 273 260 Total assets$ 481 $ 351 Liabilities and stockholders' equity: Accounts payable$65 $64 Accrued liabilities 22 25 Income taxes payable 33 35 Bonds payable 72 70 Common stock 73 70 Retained earnings 216 87 Total liabilities and stockholders' equity$ 481 $ 351 Income StatementSales$ 1,059Cost of goods sold 698Gross margin361Selling and administrative expense 117Net operating income244Income taxes 73Net income$
171Cash dividends were $42. The company did not dispose of any property, plant, and equipment during the year.Required:Prepare the operating activities section of the statement of cash flows using the direct method. What will be an ideal response?