Which of the following is not a tangible product?

Elmore Company uses the direct method to prepare its statement of cash flows

Refer to the following financial statement information for the year ended December 31, 2017: Elmore Company Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Increase (Decrease) Cash $35,900 $19,700 $16,200 Accounts Receivable 26,900 30,100 (3,200 ) Merchandise Inventory 55,200 28,200 27,000 PP&E, net 126,000 92,000 34,000 Total Assets $244,000 $170,000 $74,000 Accounts Payable 9,800 13,800 $(4,000 ) Accrued Liabilities 5,500 1,500 4,000 Long-term Notes Payable 70,700 79,700 $(9,000 ) Total Liabilities $86,000 $95,000 $(9,000 ) Common Stock $55,000 $3,000 $52,000 Retained Earnings 115,000 78,000 37,000 Treasury Stock (12,000 ) (6,000 ) (6,000 ) Total Stockholders' Equity $158,000 $75,000 $83,000 Total Liabilities and Stockholders' Equity $244,000 $170,000 $74,000 Elmore Company Income Statement December 31, 2017 and 2016 2017 2016 Sales Revenue $289,400 Interest Revenue 2,900 Gain on Sale of Plant Assets 6,000 Total Revenues and Gains $298,300 Cost of Goods Sold 146,100 Salaries and Wages Expense 49,700 Depreciation Expense-Plant Assets 16,000 Other Operating Expense 23,200 Interest Expense 3,500 Income Tax Expense 7,800 Total Expenses 246,300 Net Income $52,000 Use the direct method, to compute the total net cash flow from operating activities. (Accrued Liabilities relate to other operating expense.) A) $(54,200 ) B) $38,200 C) $(38,200 ) D) $54,200

Entertainment Central makes video game consoles, which it sells for $500. It estimates its variable costs to be $200 per console. It figures its fixed costs to be $600,000 per year. How many consoles does it have to sell to break even?

a. 2,000 b. 2,500 c. 3,000 d. 1,200