The ifeme he Al Soudget en Di he ye w 5.0e. $38.000 A ed pectively Prepd expe nd T00petivey Hw h ch wa 17. The net income epoted Depreciation ded plat inventories increased by S2.000and accounts pa whle decreased by $1.000nd provided hy operating activitie A) 5259.000 B) 5243.000 O 205,000 D) $225,000 18. Capital budgeting is the process A) of eliminating unprofitable product lines B) of determining how much capital stock to issue. C) used in sell or process further decisions. D) of making capital expenditure decisions. 19. The total overhead variance is the difference between the A) actual overhead costs and overhead costs applied based on standard hours allowed. B) the actual overhead costs and the standard direct labor costs. C) actual overhead costs and overhead costs applied based on actual hours. D) overhead costs applied based on actual hours and overhead costs applied based on standard hours allowed. 20. Bradshaw Inc. is contemplating a capital investment of $88,000. The cash flows over the project's four years are: Expected Annual Cash Inflows $30,000 45,000 60,000 50,000 Cash Outflows $12,000 20,000 25,000 30,000 Year The cash payback period is A) 3.20 years. B) 3.59 years. C) 2.37 years. D) 3.50 years. Page 4 Version 4