Which of the statements is correct?

The statement of cash flows for Georgey Company for 2004 and 2005 is as follows: 2004 2005 Net income $189 $170 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 201 173 Deferred income taxes 14 (20) Restructuring charges 80 90 Accounts receivable 30 20 Inventory (30) 50 Current liabilities 10 30 494 Cash flow from operations 513 Sale of equipment 200 300 Purchase of equipment (130) (120) Cash flow from investing 70 180 Dividends (130) (120) Long-term debt (440) (440) Cash flow from financing (570) (560) Restructuring is a major use of cash for Georgey. Accounts receivable increased in 2005 Depreciation is a major source of cash for Georgey. Major use of cash for paying long-term debt resulted in decreased leverage. If sales increased by 10 % per annum for the next 20 years, sales for year 2025 would be closest to Below is selected data for Gertup Corporation as of 12/31/05: Total assets $5,500 Current assets 2,750 Long-term debt 450 Current ratio 2.5 Inventory 1,500 For year ended 12/31/05 Sales $18,500 Cost of goods sold 14,800 $407,000 $124,459 $113,000 $55,500 Recorded bad debt expense for March should be: The treasurer of Simmons Corporation, a newly formed software company is trying to asce Simmons cash flows for the next three months. Expected sales are: scertain January February March Expected Sales $200 $220 $300 50% of sales are made for cash. Simmons expects to receive 25 % in the month following the sale and 20% in the second month following the sale. The remaining 5% are expected to be uncollectible. Gross margin is 20%, and purchases are made one month prior to sale. Purchases are paid one month after received $12.5 $11 $10 $15