Marvel Shoes reported the following items on its statement of cash flows for the current year: Net cash inflows from operating activities $70,000 Net cash outflows from investing activities (20,000) Net cash outflows from financing activities (40,000) Cash balance at the beginning of the year 30,000 Read the information about Marvel Shoes. What was the cash balance for Marvel Shoes at the end of
the current year?
a. $ 10,000
b. $ 30,000
c. $ 40,000
d. $ 70,000
c
You might also like to view...
_______ is the primary reason that entrepreneurs create business plans.
A. To get financing and reduce competition B. To develop a mentoring plan C. To think through important details and focus on a code of ethics D. To get financing and think through important details E. To develop a code of business and succeed
Sattler Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range.?Sales (8,000 units)$480,000?Variable expenses336,000?Contribution margin144,000?Fixed expenses142,200?Net operating income$1,800Required:a. What is the contribution margin per unit?b. What is the variable expense ratio?c. If sales decline to 7,900 units, what would be the estimated net operating income?d. If the variable cost per unit increases by $5, spending on advertising increases by $2,000, and unit sales increase by 3,400 units, what would be the estimated net operating income?e. What is the break-even point in dollar sales?f. Estimate how many units must be sold to achieve a target profit of $50,400.g. What is the margin
of safety percentage?h. Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 15% increase in sales? What will be an ideal response?
In path–goal theory, when tasks are ambiguous, three different styles of leadership are prescribed. How would a leader know which one to choose?
What will be an ideal response?
The income statement for Nighty Night, Inc is divided into two product lines, blankets and pillows, as follows
Blankets Pillows Total Sales revenue $800,000 $510,000 $1,310,000 Variable costs 450,000 440,000 890,000 Contribution margin 350,000 70,000 420,000 Fixed costs 65,000 96,000 161,000 Operating income (loss) $285,000 $(26,000 ) $259,000 Nighty Night, Inc should eliminate the pillows product line only, if by doing so, they can eliminate more than $70,000 of fixed costs. Indicate whether the statement is true or false