In 2019, BayKing Company Sold Used Equipment for $17,000

question 31

Multiple Choice

In 2019, BayKing Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated depreciation as of the date of sale was $60,000. BayKing also purchased held-to-maturity securities for $7,000. Net income for the year was $78,000. There were no other transactions conducted during the period. What are the 2019 net operating cash flows for BayKing under the indirect method?

• A) $75,000
• B) $78,000
• C) $81,000
• D) $95,000

Understand the effects of changes in supply and demand on equilibrium price and quantity.

Analyze the impact of external factors on supply and demand curves.

Predict the market outcomes of shifts in supply and/or demand.

Assess the relationship between price changes and movements along or shifts of the supply and demand curves.

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Definitions:

Available

Readily accessible or obtainable.

Relationship Era

refers to a period in marketing history focusing on building long-term relationships with customers rather than just engaging in single transactions.

Customer Satisfaction

A measure of how products and services supplied by a company meet or exceed customer expectation.

Marketing Period

is the time frame during which a particular marketing campaign is active, aiming to reach its intended audience.