Portions of the financial statements for myriad products are provided below. myriad products company income statement for the year ended december 31, 2018 ($ in millions) sales $ 900 cost of goods sold 315 gross margin 585 salaries expense $ 150 depreciation expense 98 patent amortization expense 5 interest expense 38 loss on sale of land 4 295 income before taxes 290 income tax expense 145 net income $ 145 myriad products company selected accounts from comparative balance sheets december 31, 2018 and 2017 ($ in millions) year 2018 2017 change cash $ 138 $ 130 $ 8 accounts receivable 261 277 (16 ) inventory 465 480 (15 ) accounts payable 203 194 9 salaries payable 107 116 (9 ) interest payable 57 50 7 income taxes payable 48 40 8 required: prepare the cash flows from operating activities section of the statement of cash flows for myriad products company using the indirect method.

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

The following information is available for jase company: market price per share of common stock $25.00 earnings per share on common stock $1.25 which of the following statements is correct? a. the price-earnings ratio is 20 and a share of common stock was selling for 20 times the amount of earnings per share at the end of the year. b. the market price per share and the earnings per share are not statistically related to each other. c. the price-earnings ratio is 5% and a share of common stock was selling for 5% more than the amount of earnings per share at the end of the year. d. the price-earnings ratio is 10 and a share of common stock was selling for 125 times the amount of earnings per share at the end of the year.

Amarket that consists of all possible consumers regardless of their specific needs or wants is a