2:09 v LTE docs.google.com 1. The owner of "Dennis Smith Co insisted that he wants to see a net income of $4,000,000, at least. He was informed that to do so, operating costs (excluding depreciation and amortization) should remain at 50 percent of sales. Also, depreciation and amortization, interest expense, and the company's tax rate, which is 40 percent will remain the same even if sales change. The task that should be done is a better job in marketing the sale of the company's products. What level of sales would Smith Company have to obtain to generate $4.000.000 in net income? The owner was shocked with the most recent Net Income achieved by his company. It appeared as follows: 25.268,000 19,333,334 O 17,208,522 28,000,000 None of the above 2. Avatar Company uses the indirect + + 21 2:09 v LTE docs.google.com 2. Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following sections of the comparative balance sheet provided below. Calculate the net Cash flow from financing activities amount. $7,000 $ 8,000 $ 9,000 $10.000 None of the above 3. Selling fixed assets is classified in the cash flow statements as Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Cash outflows from PPRECCO None of the above o + 21 4. For the year ended December 31, 2008, a corporation had cash flow from operating activities of $10,000, cash flow from investing activities of $4,000, and cash flow from financing activities of $9,000. What is the net cash flow during the year ? * $ 23,000 $-23,000 O $ 25,000 $3,000