Team Shirts, Inc

question 147

Multiple Choice

Team Shirts, Inc. bought a screen-printing machine for $50,000, received $15,000 for the sale of its machine, and repaid a loan of $20,000. The amount of net cash from (or used for) INVESTING activities is ________.

• A)$(35,000)
• B)$15,000
• C)$(5,000)
• D)$20,000

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Definitions:

Commissions

Payments made to employees or agents based on the sales or transactions they facilitate, typically a percentage of the sale value.

Merit Pay

A method of compensation where employees are paid based on their performance levels, often evaluated through a performance review process.

Compa-Ratio

A calculation used in human resources to compare an individual's salary to the midpoint of the market rate or salary range for their position.

Gainsharing

A compensation system where employees receive bonuses based on the improvement of operational efficiency and performance within an organization.