Which of the following statements is false as it relates to the cash payback method for evaluating a capital investment? O A short cash payback period is desirable o It analyzes cash flows O Cash Payback uses present value concepts in valuing cash flows O It is simple to use and easy to understand Sunny Day Sandal Company's manufacturing plant is operating at 75% capacity. The company received an offer from an exporter for 6,000 sandals at $65 each. The acceptance of the offer will not affect fixed costs, normal production, or domestic sales prices. Additional data is as follows: Normal domestic selling price = $100 Unit manufacturing costs: Variable Costs $40 Fixed Costs $10 Total Manufacturing Costs $50 What is the profit or loss effect and should Sunny Day accept or decline the offer? O $150,000 gain, accept the offer O $210,000 loss, decline the offer O $60,000 loss, decline the offer 0 $90,000 gain, accept the offer Billy's Bath House reported beginning retained earnings of $10,000 as of Feb. 1, 2020. On Feb. 28, Billy reported $15,000 in net income and recorded dividends paid of $5,000. What is Billy's ending retained earnings as of Feb. 28, 2020? 0 $20,000 O $25,000 0 $30,000 0 $10,000 During the month of April, Carol's Cookies had total sales of $50,000 of which $30,000 was on credit. All credit customers have terms of Net 30. Carol's total expenses for April was $25,000. Assuming Carol uses accrual accounting, what was the net income or loss for month of April? O $50,000 0 ($5,000) 0 $5,000 0 $25,000