A disadvantage of using arithmetic mean to summarize a set of data is that _________.

Compute the missing information. (3 points. Please write positive value as $xx,xxx and negative value as -$xx,xxx) Salaries Payable Jan 1, Year 2   $175 Salary Expense for year 2   ? Payments to Salaried Employees during year 2   $725 Salaries Payable Dec 31, year 2   $100

Why is depreciation expense added back to net income in the operating section of the indirect cash flow statement? (2 points)

What is the ending balance of cash as of March 31st, Year 3? (4 points)

Rapidly growing firms must often _____ to finance their acquisitions of noncurrent assets

In periods of falling purchase prices and increasing inventory quantities, LIFO results in a _____ than either FIFO or the weighted-average cost-flow assumption. ( 2 points)

The journal entries to record transaction h is: (3 points)

What is the amount of cash paid to suppliers for merchandise during year 8? (3 points. Please write positive value as $xx,xxx and negative value as -$xx,xxx)

Broke Inc is experiencing a cash flow problem finding that its cash decreases, even though net income increases. Which of the following is a possible reason? (2 points)

Benezra S.A., a large Brazilian petrochemical company, reported a balance of R$1,600 million in Accounts Receivable at the beginning of 2009 and R$1,500 million at the end of 2009. Its income statement reported total Sales Revenue of R$12,000 million for 2009. Assuming that Benezra makes all sales on account, compute the amount of cash collected from customers during 2009. (2 points)