Benchmark mapping is a technique used to capture customer perceptions of competing products or services

Felix Skateboards Company uses the indirect method to prepare the statement of cash flows

Refer to the following income statement: Felix Company Income Statement Year Ended December 31, 2017 Sales Revenue $250,000 Interest Revenue 2,200 Gain on Sale of Plant Assets 5,100 Total Revenues and Gains $257,300 Cost of Goods Sold 124,000 Salary Expense 41,000 Depreciation Expense 14,000 Other Operating Expenses 23,000 Interest Expense 1,900 Income Tax Expense 5,200 Total Expenses 209,100 Net Income (Loss) $48,200 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $20,000. 2. Current liabilities decreased by $1,500. Compute the net cash provided by (used for) operating activities. A) $26,700 B) $40,700 C) $35,600 D) $11,700

Business sophistication, growth orientation, innovativeness, technology, and decision making are all examples of firm demographic forces that can have a profound impact on consumer needs

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