Pizza international, inc., reported the following information (in thousands): operating activities net income $ 610 depreciation 33,380 increase in receivables 185 decrease in inventory 673 increase in prepaid expenses 679 decrease in accounts payable 8,735 increase in accrued liabilities 734 decrease in income taxes payable 2,751 payments on notes payable 12,706 cash paid for equipment 29,088 the following summarized income statement for pizza international, inc. (in thousands): revenues $ 145,051 cost of sales 46,250 gross profit 98,801 salary and wages expense 56,910 depreciation 33,380 office expenses 7,796 net income before income tax expense 715 income tax expense 105 net income $ 610 required: based on this information, compute cash flow from operating activities using the direct method. assume prepaid expenses and accrued liabilities relate to office expenses. what was the primary reason that pizza international was able to report large positive cash flow from operations despite nearly having a net loss

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Which of these is not a result of regular exercise

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)