Max's Tire Center Company

question 97

Multiple Choice

Max's Tire Center Company
Selected data from the financial statements of Max's Tire Center are provided below.

- Refer to the selected data provided for Max's Tire Center. Which of the following would result from a horizontal analysis of Max's cash and cash equivalents in 2012?

• A) Cash and cash equivalents increased by $16,000 or 15.80% during 2012.
• B) Cash and cash equivalents increased by $16,000 or 15.38% during 2012.
• C) Cash and cash equivalents are 8.57% of total assets in 2012.
• D) The free cash flow is $35,000 in 2012.

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Definitions:

Habituation Tasks

Experimental procedures used to measure how the frequency or intensity of a subject's response decreases when a stimulus is presented repeatedly.

Unchanging Stimulus

A constant and repetitive sensory input that does not vary over time.

Communicate

The act of sharing or exchanging information, ideas, or feelings through speech, writing, gestures, or other modes.

Adaptive Ways

Strategies or mechanisms that individuals use to adjust to new conditions or environments in a positive manner.