The statement of cash flows classifies cash receipts and payments into four activity categories.

A letter of application should accomplish which of the following goals?

a. Highlight skills/experiences specific to the job opening b. Suggest how much money you are seeking c. Explain why you want to leave (or left) your last job d. Share information about the other jobs you are applying for e. Communicate that you will deliver your resume at the interview

A firm is experiencing an increase in variable costs. What can the firm do to maintain its

profitability? A) Lower its price to gain a greater market share. B) Raise its price to increase its contribution margin. C) Decrease its fixed costs to break even sooner. D) Increase its fixed costs to balance out its increased variable costs.