Classify the following cash flows as operating, investing, or financing activities.
1. Received cash interest on a note.
2. Paid cash interest on outstanding notes.
3. Received cash dividends from investments.
4. Paid accounts payable with cash.
5. Sold stock investments for cash.
6. Paid cash for a building. Investing activities
7. Cash paid to purchase long-term investments.
8. Received cash from long-term debt issuance.
9. Received cash from short-term debt issuance.
10. Received cash payments from customers.

Elephant, inc.'s cost of goods sold for the year is $2,000,000, and the average merchandise inventory for the year is $129,000. calculate the inventory turnover ratio of the company. (round your answer to two decimal places.)

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z