Hallmark Cards Develops a New Line of Cards That Have

question 109

Multiple Choice

Hallmark cards develops a new line of cards that have a total cost of $200,000 and a price of $3 each.If it sells 20,000 cards the first month, what is its total revenue?

• A) $60,000
• B) $600,000
• C) $400,000
• D) $140,000
• E) -$140,000

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Definitions:

Statement Of Cash Flows

A financial statement that consolidates information about all the money a company gets from its regular operations and outside investments, alongside the money spent on business operations and investments within a certain timeframe.

Investing Activities

Part of a company's cash flow statement that shows the amount of money spent or generated from various investment-related activities in non-current assets.

Contingent Activities

Actions or outcomes that are possible and might affect a project or transaction but their occurrence is dependent on future events.

Noncash Investing

Investing activities that do not involve immediate cash transactions, such as acquiring assets through the issuance of equity or exchanging one asset for another.