Marvel Shoes reported the following items on its statement of cash flows for the current year: Net cash inflows from operating activities $70,000 Net cash outflows from investing activities (20,000) Net cash outflows from financing activities (40,000) Cash balance at the beginning of the year 30,000 Read the information about Marvel Shoes. What was the cash balance for Marvel Shoes at the end of

Which of the following statements is TRUE about restrictive covenants?

A. They are private agreements usually contained in a deed and are binding on subsequent owners. B. The are imposed by the government to restrict the use of the property. C. They are usually enforced by means of the foreclosure. D. They have a tendency to cause property values to fluctuate.

You are considering a sales job that pays you on a commission basis or a salaried position that pays

you $50,000 per year. Historical data suggests the following probability distribution for your commission income. Which job has the higher expected income? Commission Probability of Occurrence $15,000 .15 $35,000 .20 $48,000 .35 $67,000 .22 $80,000 .18 A) The salary of $50,000 is greater than the expected commission of $48,400. B) The salary of $50,000 is less than the expected commission of $52,720. C) The salary of $50,000 is less than the expected commission of $50,050. D) The salary of $50,000 is greater than the expected commission of $49,630.