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Exhibit 12.4. The Following Questions Use the Information Below

question 8

Multiple Choice

Exhibit 12.4.
The following questions use the information below.
The manager of a Washington, DC sightseeing tour company is concerned about overbooking for one of his bus tours. The bus has 15 seats but sometimes there are empty seats. His records show that about 20% of ticket holders do not show up for their tour. Tickets cost $10 and are non-refundable. If the manager overbooks the tour and more than 15 passengers show up, some of them will be bumped to a later tour. This bumping costs the company $25 in various expenses to keep the customer happy until the next tour. The manager wants to see what happens to profits if 18 reservations are accepted.
-Using the information in Exhibit 12.4, what formula should go in cell C15 of the worksheet to determine the Marginal Profit?

Grasp the purpose and content of the statement of cash flows and how it links to changes in a firm’s financial structure and investments.

Recognize the categories of activities detailed in the cash flow statement (operating, investing, and financing) and the type of transactions included in each.

Identify the difference between direct and indirect methods of reporting cash flows from operating activities.

Understand how changes in balance sheet accounts affect cash flows and figure into the cash flow statement.

Definitions:

Microtubules

Cylindrical structures within the cell that are part of the cytoskeleton, helping in cell shape, division, and intra-cellular transport.

Centrioles

Cylindrical structures found in animal cells that are involved in the development of spindle fibers in cell division.

Microvilli

Tiny projections on the surface of some cells that increase surface area for absorption or secretion.

Cilia

Hair-like structures on the surface of some cells that beat in waves to move fluid, mucus, or materials over the cell surface.