Your firm has net income of $312 on total sales of $1,320. Costs are $730 and depreciation is $110. The tax rate is 35 percent. The firm does not have interest expenses. What is the operating cash flow?

a. $480

b. $422

c. $792

When is somehting transitive property and when is it substituion?

Dellinger Incorporated issued 100,000 shares of no-par common stock with a stated value of $7 per share. How would the accounting for these shares differ if they had instead issued no-par common stock without a stated value?

Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $8,500 of cash sales that are subject to an 7% sales tax what is the journal entry to record the cash sales? A) Debit Cash $8,500, credit Sales $7.

Carney Company manufactures cappuccino makers. For the first eight months of 2019, the company reported the following operating results while operating at 80% of plant capacity: Sales (500,000 units) $90,000,000 Cost of goods sold 54,000,000 Gross

One disadvantage of a functional structure is that differences in functional orientation may impede organization coordination and communication. T/F

Which of the following is a difference between the concept development stage and the product development stage? A.

The diamond market is monopolized by the debeers organization, from mining to cutting and polishing to wholesaling. jewelers can do little to negotiate prices. this situation typifies

Pita Pal sells fast-food franchises. Pita Pal receives $83,000 from a new franchisee for providing initial training, equipment, and furnishings that together have a stand-alone selling price of $83,000.

If a client chooses to pay premiums other than annually, what can he or she expect?

Antone Company sells office equipment on July 31, 2017, for $21,000 cash. The office equipment originally cost $72,000 and as of January 1, 2017, had accumulated depreciation of $42,000. Depreciation for the first 7 months of 2017 is $4,600.