Operating Activity Investing Activity Financing Activity A pharmaceutical company buys marketing rights to sell a drug exclusively in East Asian markets. A company records a decrease in its total raw materials inventory from the previous year. Yum Co. uses cash to repurchase 10% of its common stock Fitzi Chemical Co. carns revenue from its cash receipts from royalties. Len Corp. reported net sales of $300 million last year and generated a net income of $66.00 million. Last year's accounts receivable increased by $29 million. What is the maximum amount of cash that Len Corp. received from sales last year? a. $203.25 million b. $271.00 million c. $95.00 million d. $135.50 million

b. $271.00 million

Explanation:

Cash received = Net sales - Increase in accounts receivable

Cash received = $300 million - $29 million

Cash received = $271 million

Hence, the maximum amount of cash that Len Corp. received from sales last year is $271 million

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.