The two independent cases are listed below: Case A Case B Year 2 Year 1 Year 2 Year 1 Sales Revenue$11,200 $10,000 $21,200 $19,000 Cost of Goods Sold 6,180 6,300 12,180 11,680 Gross Profit 5,020 3,700 9,020 7,320 Depreciation Expense 1,200 1,200 1,600 1,600 Salaries and Wages Expense 2,300 1,800 5,200 5,200 Net Income 1,520 700 2,220 520 Accounts Receivable 310 420 770 610 Inventory 760 520 740 820 Accounts Payable 820 710 820 880 Salaries and Wages Payable 1,010 1,220 210 270
Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers. b) may not accept the offer because it is considered lavish entertainment. c) must obtain written consent from batts brothers before accepting the offer.

Atrough in the business cycle occurs when

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.