A country with a _____ has a favorable balance of payments.

Standard Corporation is investing $400,000 of fixed capital in a project that will be depreciated straight-line to zero over its 10-year life. Annual sales are expected to be $240,000, and annual cash operating expenses are expected to be $110,000. An investment of $40,000 in net working capital is required over the project’s life. The corporate income tax rate is 30 percent. What is the after-tax operating cash flow expected in year one?

A. $63,000. B. $92,000. C. $103,000

A business philosophy that focuses on eliminating time, cost, and poor quality within manufacturing processes is called ________ manufacturing

a. push b. just-in-time c. activity-based d. pull