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BC Company reported total sales revenue of $80,000 and total expenses of $72,000 (i.e., net income $8,000) for the year ended December 31, 20X. During 20X, accounts receivable increased by $3,000, merchandise inventory decreased by $2,000, accounts payable increased by $1,000, and $5,000 in depreciation expense was recorded. Assuming no other adjustments to net income are needed, the net cash inflow from operating activities was

A. $10,000. B. $11,000. C. $13,000. D. $19,000.

Historically speaking, the standard deviation of returns on U.S. Treasury Bills is zero

Indicate whether the statement is true or false.