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Use the statement of cash flows to calculate the free cash flow.
A. $77,000
B. $3,000
C. $52,000
D. $22,000
Answer: B
NEW QUESTION # 23
SJ Candles subscribes to a management theory known as management by exception. Which of the following best describes a situation where management by exception would be applied?
A. There are significant activities occurring outside of the relevant range which require additional analysis
B. There is a $26,000 unfavorable labor rate variance that is 1% higher than their threshold for investigating variances
C. Management is faced with an ethical issue regarding a decision about investing in long-term assets
D. Tax savings resulted in an unplanned 25% increase to net income in year 2
Answer: B
NEW QUESTION # 24
What is the balance in the manufacturing overhead account after these transactions were recorded, assuming the beginning balance was zero?
A. $4,780
B. $6,000
C. $6,700
D. $700
Answer: D
NEW QUESTION # 25
SJ Candles is performing a cost-volume-profit analysis to prepare for year 2. Fixed costs are expected to remain the same as year 1, but variable costs per unit are expected to increase by 10%. They plan to keep the same sales price but want to know what level of sales must be achieved in year 2 to maintain the same operating profit.
A. $398,350
B. $424,050
C. $282,700
D. $405,789
Answer: D
NEW QUESTION # 26
You are the Controller for Healthcare Technology LLC, and you have been tasked with evaluating an upgraded enterprise resource planning system. Which of the following details would be relevant to your decision-making process?
A. The company needs a cloud-based document storage system
B. The company's revenues increased by $14,000,000 over the past twelve months
C. A vendor replaced a member of its board of directors
D. A customer's sales are growing rapidly
Answer: A
NEW QUESTION # 27
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