22. Calculating Cash Flow Blue Diamond Industries had the following operating results for 2017; sales=$44,600; cost of goods sold= $247,500; depreciation expense= $4,630; interest expense= $1,050; dividends paid= $2,275. At the beginning of the year, net fixed assets were $27,510, current assets were $6,840, and current liabilities were $4,580. At the end of the year, net fixed assets were $35,610, current assets were $7,720, and current liabilities were $4,830. The tax rate was 40 percent. a. What was net income for 2017?
b. What was the operating cash flow for 2017?
c. What was the cash flow from assets for 2017? Is this possible? Explain.
d. If no new debt was issued during the year, what was the cash flow to creditors? What was the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers in (a) through (d).

Long-distance providers are becoming increasingly concerned about certain activities within their industry. various companies come together voluntarily to implement new standards of social responsibility that members must abide by. what seems to be the primary motivation in this case for an increased interest in social responsibility? - because corporations are creations of society, they are responsible for giving back to the communities in which they operate.- these companies have realized it is in their best interest to increase their social responsibility before they are once again subject to stricter regulations.- these companies are using social responsibility as a means to increase their profitability, both short term and long term.- long-distance providers have started taking pride in their industry and its record for social responsibility.- they feel a responsibility to their stockholders, employees, the government, investors, and society as a whole.

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u.s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots