A Security Analyst Obtained the Following Information from Prestopino Products

question 29

Multiple Choice

A security analyst obtained the following information from Prestopino Products' financial statements: ∙
Retained earnings at the end of the previous year were $700,000, but retained earnings at the end of the current year had declined to $320,000.
∙
The company does not pay dividends.
∙
The company's depreciation expense is its only non-cash expense; it has no amortization charges.
∙
The company has no non-cash revenues.
∙
The company's net cash provided (used) by operations for the current year was $150,000.
On the basis of this information, which of the following statements is CORRECT?

• A) Prestopino had negative net income in the current year.
• B) Prestopino's depreciation expense in the current year was less than $150,000.
• C) Prestopino had positive net income in the current year, but its income was less than its previous year's income.
• D) Prestopino's cash flow provided by operations in the current year must be higher than in the previous year.
• E) Prestopino's cash on the balance sheet at the end of the current year must be lower than the cash it had on the balance sheet at the previous year.

Describe the methods and techniques used in early psychological research.

Identify the goals of psychology as a discipline.

Differentiate between structuralism, functionalism, behaviorism, and psychoanalysis.

Discuss the influence of the environment and reinforcement in shaping behavior.

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Definitions:

Level Scheduling

Maintaining a constant output rate, production rate, or workforce level over the planning horizon.

Constant Rate

A rate of change that remains the same over a given period of time, indicating uniformity in growth or decline.

Customer Demands

The specific needs and desires of customers that influence their purchasing behavior and choices.