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Question
Rico's Taqueria had cash inflows from operating activities of $27,000; cash outflows from investing activities of $22,000, and cash outflows from financing activities of $12,000. Calculate the net increase or decrease in cash.A.$61,000 increase.
B.$37,000 increase.
C.$7,000 decrease.
D.$7,000 increase.
E.$34,000 decrease.
Answer
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Match the following
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Given the Galaxy, Inc. data, what is net income using absorption costing?
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A company reports the following information for its first year of operations:
Units produced this year ? units
Units sold this year 1,500 units
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Direct labor $5 per unit
Variable overhead $7 per unit
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