Marketing is the business function that identifies customers and their needs and wants

A company had net income of $705,000. Depreciation expense is $78,000. During the year, accounts receivable and inventory increased $45,000 and $120,000, respectively. Prepaid expenses and accounts payable decreased $6,000 and $12,000, respectively. There was also a loss on the sale of equipment of $9,000. How much cash was provided by operating activities?

a. $603,000. b. $621,000. c. $843,000. d. $879,000.

Which statement is true with regard to insurance ratemaking?

I. Rates are calculated by people known as adjustors. II. An insurer doesn't know when insurance is sold if the premium charged is (a) I only (b) II only (c) both I and II (d) neither I nor II