The table below contains data on Fincorp inc. The balance sheet items correspond to the values at year-end of 2013 and 2014, while the income statement items correspond to revenues or expenses during the year ending in either 2013 or 2014. All values are in thousands of dollars.

2013 2014
Revenue $4,700 $4,800
Cost of goods sold 1,950 2,050
Depreciation 570 590
Inventories 335 420
Administrative expenses 570 620
Interest expense 220 220
Federal and state taxes* 470 490
Accounts payable 335 420
Accounts receivable 442 520
Net fixed assets^ 5,700 6,570
Long-term debt 2,700 3,100
Notes payable 1,035 670
Dividends paid 550 550
Cash and marketable securities 870 370

* Taxes are paid in their entirety in the year that the tax obligation is incurred.
^Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed
Construct a statement of cash flows for Fincorp for 2014.

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

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

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation