Fitz Company reports the following information. Selected Annual Income Statement Data Selected Year-End Balance Sheet Data
Net income $ 374,000 Accounts receivable decrease $ 17,100
Depreciation expense 44,000 Inventory decrease 42,000
Amortization expense 7,200 Prepaid expenses increase 4,700
Gain on sale of plant assets 6,000 Accounts payable decrease 8,200
Salaries payable increase 1,200
Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31.

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?

For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.