Jelly Bean Company uses the indirect method to prepare its statement of cash flows
Refer to the following portion of the comparative balance sheet:
Jelly Bean Company
Comparative Balance Sheet
December 31, 2017 and 2016
2016 2015 Increase/(Decrease)
Common Stock $31,000 $2,200 $28,800
Retained Earnings 120,000 79,000 41,000
Treasury Stock (13,000 ) (8,500 ) (4,500 )
Total Equity $138,000 $72,700 $65,300
Note:
1. There were no stock retirements during the year.
2. There were no sales of treasury stock during the year.
Compute the cash flow from transactions involving treasury stock.
A) zero net cash flow
B) $4,500 of positive cash flow
C) $4,500 negative cash flow
D) $13,000 negative cash flow
C
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A material requirements plan contains information with regard to all of the following EXCEPT:
A) quantities and required delivery dates of all subassemblies. B) quantities and required delivery dates of final products. C) the capacity needed to provide the projected output rate. D) inventory on hand for each final product. E) inventory on hand for each subassembly.
An order for 50 units of Product A and 60 of B has been placed. There are currently 25 units of Product B on hand. Each A requires 2 units of Part C; each B requires 5 units of C. There are 160 units of C available
What are the net requirements for C? A) 115 B) 175 C) 240 D) 690 E) 700