Indicate whether the stament is true or false - T.1. A practical approach which is frequently used by managers when setting normal long-run prices is the cost-plus approach. _T_2. The product cost concept includes all manufacturing costs in the cost amount to which the markup is added to determine product price. 3. The product cost concept includes only variable costs in the cost amount to which the markup is added to determine product price. 4. In net present value analysis for a proposed capital investment, the expected future net cash flows are reduced to their present values. 5. When the total amount of bonds matures at a certain date, the bonds are called serial bonds 6. A production supervisor's salary that does not vary with the number of units produced is an example of a mixed cost. 7. The excess of current assets over current llabilities is referred to as working capital. 8. If the market rate of interest is 8% and a company's bonds bear interest at 7%, the bonds will sell at a discount. 9. Cash flows from operating activities, as part of the statement of cash flows, include cash transactions that enter into the determination of net income. 10. Cash flows from financing activities, as part of the statement of cash flows, include payments for dividends