The Ragin Cajun had an operating income (EBIT) of $260,000 last year. The firm had $18,000 in depreciation expenses, $15,000 in interest expenses, and $60,000 in selling, general, and administrative expenses. If the Cajun has a marginal tax rate of 40 percent, what was its cash flow from operating activities last year?

A long-term debt security that is secured by some form of collateral is referred to as a ________

A) treasury share B) bond C) note D) debenture

Given the network shown in Figure 11-1, assume that the completion of activity C is delayed by four days. What changes will take place?

A) The critical path will change to: A-C-B-D-E-F-H. B) Activity F will be delayed by four days. C) Activity E will be delayed by four days. D) Activity G will be delayed by four days. E) None of the above