6. Barrington Industries had $1,000,000 cash reported on the balance sheet at the end of year 2021 . What was the firm's cash reported on the balance sheet at the end of year 2022 based on the following information for the year of 2021 : - The firm generated $7,500,000 net cash from operations: - The only investing activity was that the firm purchased $5,000,000 of machinery that was needed for a new project: - The only two financing activities done by the firm were (i) to issue long-term debt of $1,000,000, and (ii) to pay out dividends of $1,000,000. A. $1,000,000 B. $1,500,000 C. $3,500,000 D. $500,000 7. Which of the following statements is correct? A. In the statement of cash flows, a decrease in accounts receivable is subtracted from net income in the operating activities section. B. In the statement of cash flows, a decrease in accounts payable is subtracted from net income in the operating activities section. C. In the statement of cash flows, a decrease in inventories is subtracted from net income in the operating activities section. D. In the statement of cash flows, a decrease in accruals is added to net income in the operating activities section. 8. For 2018 , Bargain Basement Stores reported $11,500 of net sales and $5,000 of operating costs (including depreciation). The company has $20,500 of total invested capital, the weighted average cost of that capital was 8%, and the federal-plus-state income tax rate was 40%. What was the firm's Economic Value Added (EVA) during 2017? A. $2,000 B. $2,080 C. $960 D. $2,260 Watson has $3 million in accounts payable, $1 million in accruals, $2 million in notes payable that carries 5% interest rate, and $5 million in long-term debt that carries 7.5% interest rate. What's Watson's total debt? A. $7 million B. $8 million C. $11 million D. $5 million