The rate of return on an investment is calculated by dividing the capital gain or loss plus the cash flows by the initial investment amount

Indicate whether this statement is true or false.

Answer: TRUE

Business

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Lewis, Inc uses the indirect method to prepare its statement of cash flows

Refer to the following portion of the comparative balance sheet: Lewis, Inc Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Increase (Decrease) Cash $42,000 $36,000 $6,000 Accounts Receivable 62,000 70,000 (8,000 ) Merchandise Inventory 106,000 50,000 56,000 PP&E, net 240,000 180,000 60,000 Total Assets $450,000 $336,000 $114,000 Additional information provided by the company includes the following: Equipment costing $104,000 was purchased for cash. Equipment with a net book value of $20,000 was sold for $28,000. Depreciation Expense of $24,000 was recorded during the year. Use the T-account format and evaluate the transactions affecting Property, Plant, and Equipment, net. What will be an ideal response

Business

Which of the following tactics is best suited for inducing customer trial of a product?

A) providing free samples of the product B) conducting contests and games and providing rebates C) giving away coupons targeted to users of a competing brand D) giving away coupons targeted to users of the brand

Business