Special Inc reported net income of $150,000 for 2012, but its cash balance decreased $40,000. Which financial statement should Special's management refer to for an explanation of this situation?
A) Balance sheet
B) Income statement
C) Statement of retained earnings
D) Statement of cash flows
D
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An asset was purchased for $100,000. It had an estimated residual value of $20,000 and an estimated useful life of ten years. After four years of use, the estimated residual value is revised to $14,000. Assuming straight-line depreciation, depreciation expense in year 5 of use would be
A) $7,667. B) $8,572. C) $9,000. D) $14,334.
______ is the time required for the line to produce one unit to achieve an output rate that allows a firm to meet its demand requirements.
a. Idle time b. Flow time c. Cycle time d. Setup time
Laws governing franchising are designed in part to prevent franchisors from terminating franchises without good cause
a. True b. False Indicate whether the statement is true or false
The product Centrum Silver is positioned as a vitamin supplement for older adults. The makers of Centrum Silver have segmented the vitamin market on a ____ basis.
A. behavioristic B. demographic C. psychographic D. brand-related E. geographic