37. For April, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $98,000; advertising expenses are $90,000; shipping expenses total 2% of sales; and miscellaneous selling expenses are $2,100 plus 1/2 of 1% of sales. Total selling expenses for the month of April are a.$159,100 b.$182,100 c.$186,000 d.$242,600 41. A report analyzing how many products need to be sold to cover operating costs is not typically a managerial accounting report. True False 43. The account Unrealized Gain (Loss) on Available-for-Sale Investments should be included on the a. statement of retained earnings b. income statement as other revenue (expense) c. balance sheet as an adjustment to the asset account d. balance sheet as an adjustment to stockholders' equity 48. Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method? a decrease in inventory b preferred dividends declared and paid c decrease in accounts receivable d decrease in accounts payable 69. Investment in certificates of deposit and other securities that do not change in value are reported on the balance sheet as a. available-for-sale securities b. held-to-maturity securities c. equity investments d. cash and cash equivalents