Accounts Receivable Amounted to $215,000 at the Beginning of the Year

question 93

Multiple Choice

Accounts Receivable amounted to $215,000 at the beginning of the year and $215,000 at the end of the year.Net income reported on the income statement for the year was $300,000.The net cash flow from operating activities on the cash flow statement using the indirect method is:

• A)$300,000.
• B)$330,000.
• C)$270,000.
• D)None of these answers is correct.

Identify the differences and applications of directive and supportive behaviors in situational leadership.

Contrast the situational approach with the trait approach to leadership.

Recognize how follower perception impacts job satisfaction in situational leadership contexts.

Identify the most and least used leadership styles in specific professional contexts, such as air traffic control.

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs, used to cover fixed expenses and then contribute to profit.

Variable Expenses

Costs that vary directly with the level of production or sales volume.

Break-even Point

The point at which total costs and total revenues are exactly the same, yielding neither a profit nor a loss.

Degree of Operating Leverage

The degree of operating leverage is a financial ratio that measures the sensitivity of a company's operating income to its sales, indicating how earnings before interest and taxes are affected by sales volume.