Kentucky company uses the indirect method to prepare the statement of cash flows. refer to the following income statement: kentucky company income statement year ended december 31, 2019 sales revenue $249,000 interest revenue 2,300 gain on sale of plant assets 5,300 total revenues and gains $256,600 cost of goods sold 124,000 salary expense 43,000 depreciation expense 14,000 other operating expenses 20,000 interest expense 1,600 income tax expense 5,100 total expenses 207,700 net income (loss) $48,900 additional information provided by the company includes the following: 1. current assets, other than cash, increased by $21,000. 2. current liabilities decreased by $1,200.a. $26,700 b. $35,400 c. $11,800 d. $40,700

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.