Reference no: EM132807787

Problem 1: Carmen's Restaurant Net Income was $45,000 and Depreciation Expense was $5,000. Other accounts that changed: Accounts Receivable increased by $14,000; Inventory decreased by $20,000; Accounts Payable increased by $8,000; and Salaries Payable decreased by $3,000. The amount of Net Cash Flow from Operating Activities is:

Group of answer choices

Option 1: $33,000.

Option 2: $45,000.

Option 3: $61,000.

Option 4: $47,000.

Problem 1: Food Cost on the P&L, as a percentage of sales, was 27.9% for 2017 and 28.6% for 2016. Which of the following statements is correct?

Group of answer choices

Option 1: Food Cost increased at the same rate (%) as sales

Option 2: Food Cost increased at a faster rate (%) than sales

Option 3: Food Cost increased at a slower rate (%) than sales

Option 4: You cannot determine with the information provided.