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

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%