Rojas Corporation’s comparative balance sheets are presented below. ROJAS CORPORATION
Comparative Balance Sheets
December 31
2020 2019
Cash $14,900 $10,800
Accounts receivable 21,700 23,200
Land 20,000 26,200
Buildings 70,300 70,300
Accumulated depreciation—buildings (15,100 ) (10,500 )
Total $111,800 $120,000
Accounts payable $12,700 $27,900
Common stock 74,600 73,800
Retained earnings 24,500 18,300
Total $111,800 $120,000
Additional information:
1. Net income was $23,100. Dividends declared and paid were $16,900.
2. No noncash investing and financing activities occurred during 2020.
3. The land was sold for cash of $4,600.
Prepare a statement of cash flows for 2020 using the indirect method. Compute free cash flow

Responsible for setting the goals and planning for the future as well as leading and controlling the work of others. out the decisions of top management. often responsible for various departments such as the production, marketing, and accounting departments. process or function of planning organizing leading and controlling. the resources arranged in an orderly and functional way to accomplish goals and objectives. the company on track and making sure goals are met. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. act or process of creating goals and objectives as well as the strategies to meet them. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. how the firm is structured and who is in charge of whom. direction and vision

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: