1. A retail store collects cash Sales OF $168,000 and does not segregate sales tax. If the sales tax rate is 5% what are the sales of the retail store? a. $160,000 b. $158,000 c. $8,400 d. $8,000

Quick Lube Corporation had the following transactions: 1. Proceeds from Bond Issuance $300,000 2. Payment of Operating Expenses 100,000 3. Taxes Paid 5,000 4. Payment of Dividends 70,000

What is the amount of net cash provided (used) by financing activities? a. $400,000 b. $475,000 c. $230,000 d. $295,000

26. BTW Inc. had the following transactions: 1. Proceeds from Bond Issuance $300,000 2. Net Income 2,500,000 3. Dividends Paid 5,000 4. Depreciation Expense 110,000

What is the amount of net cash provided (used) by operating activities? a. $2,610,000 b. $4,070,500 c. $2,300,000 d. $2,395,000

27. Free Cash Inc reported cash provided by operations of $405,000, capital expenditures of $200,000, net sales of 11,000,000 and dividends of $100,000. What is the free cash flow: a. $105,000 b. 10,900,000 c. $205,000 d. $405,000