Optics Company Uses the Direct Method for Preparing Its Statement

question 128

Multiple Choice

Optics Company uses the direct method for preparing its statement of cash flow. Optics reports the following information regarding 2019: From the income statement:
Sales Revenues, $266,000
Cost of Goods Sold, $210,000
Operating Expenses, $32,000
Net Income $24,000
From the balance sheet:
$$\begin{array} { | l | r | r | } \hline & \text { Beginning Balance } & \text { Ending Balance } \\\hline \text { Accounts Receivable } & \$ 14,800 & \$ 18,200 \\\hline \text { Merchandise Inventory } & 23,500 & 17,900 \\\hline \text { Accounts Payable } & 6600 & 13,500 \\\hline \text { Accrued Liabilities } & 4300 & 2000 \\\hline\end{array}$$ Assume that there were no sales of long-term assets, no interest revenue, and no expenses other than the expenses shown above. Also, assume that Accounts Payable are for purchases of merchandise inventory only. Accrued liabilities relate to operating expenses. What amount will be shown for the net cash provided by operating activities?

• A) $65,100
• B) $30,800
• C) $24,000
• D) $17,100

Apply the principle of parsimony in determining phylogenetic relationships.

Recognize the significance of convergent evolution, homoplasy, and synapomorphies in phylogenetics.

Explain the importance of outgroups in determining ancestral states.

Understand the impact of physical and genetic traits on phylogenetic analysis.

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Definitions:

Standard Deviation

Standard deviation is a measure of the amount of variation or dispersion in a set of values, indicating how much the individual data points diverge from the mean value.

Sample Mean

The average value calculated from a subset of a population.

Confidence Level

The probability that the values of a parameter lie within a specified range of values, indicating the reliability of an estimate.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the number of values in the set.