Mang Jim has a banana plantation for almost one hectare. His neighbor named Timmy has a skill of baking cakes. Timmy interviewed the community if they already tasted the banana cakes then the response was positive that they seldom tasted it and others were not. So he decided to bake and sell to the community until such time that he received a lot of orders from the customers. Timmy bought raw materials from the plantation of Mang Jim. Does the paragraph above show a serendipity business? Why?

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

What should a food worker use to retrieve ice from an ice machine?