Use the Following Information for the First Year of Operations

question 45

Multiple Choice

Use the following information for the first year of operations for Layton Novelties,Inc.to answer the following question.Use ending balances whenever average balances are required for computing ratios. Cash flow from operating expenses for Layton Novelties is $32,400.
The cash flow yield for Layton Novelties is

• A) 1.5 times.
• B) .67 times
• C) .405 times.
• D) 2.5 times.

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Definitions:

One-One Principle

A fundamental principle of counting that states each object being counted must be assigned one, and only one, number to represent it.

Gelman

A cognitive psychologist known for her work on the development of categorization and reasoning in children, especially in understanding numbers and biology.

Count Words

The process or activity of determining the number of words in a text or document.

Order-Relevant Principle

involves the idea that the sequence or arrangement of elements or events can significantly affect understanding, memory, or perception.