Junior CoHad the Following Activity During 2011: Net Income $\$ 50,000$

question 47

Multiple Choice

Junior Co.had the following activity during 2011: Net Income $\$ 50,000$
Cash Receipts from customers $\$ 1,750,000$
Cash Payments to suppliers $\$ 1,050,000$
Amortization Expense $\$ 35,000$
Cash Payments for operations $\$ 640,000$
What was the cash flow from operating activities?

• A)$ 25,000
• B)$ 50,000
• C)$ 60,000
• D)$ 95,000

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Definitions:

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production.

Marginal Product

The additional output gained by employing one more unit of input, holding the levels of other inputs constant.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource or factor of production.

Competitive Market

A market structure characterized by a large number of sellers and buyers, none of whom can influence the market price on their own.