The effective interest rate is calculated as total interest during the year divided by the beginning balance as the first of the year

Generally, the most important category on the statement of cash flows is cash flows from

a. operating activities. b. investing activities. c. financing activities. d. significant noncash activities.

Where revenue sharing may be effective as a tool to improve competitive balance is when it is used in conjunction with a ______.

A. luxury tax B. soft salary cap C. "reverse-order" draft D. hard salary cap