Royal Corporation uses the indirect method of computing net cash flow from operating activities and reported the following for 2015:
accounts receivable decreased by $10,300, merchandise inventory increased by $15,300, accounts payable decreased by $4,000, and income taxes payable increased by $18,800. If Royal Corporation reported net income for 2015 of $157,800 (including $34,800 of depreciation expense), net cash flow from operating activities for 2015 is:
A. $202,400.
B. $132,800.
C. $164,800.
D. $221,700.
A
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The competitive advantage test tests if the strategy will help the firm attain a ____________ and ______________ competitive advantage.
Fill in the blank(s) with the appropriate word(s).
Every admitted insurer in California must maintain a unit, or department, responsible for investigating which of the following?
A. Possible arson activity B. Ratings and claims abuses by the insurers C. Possible fraudulent claims by the insureds D. Unfair trade practices by the insurers