A company must repay the bank a single payment of $20,000 cash in 3 years for a loan it entered into. The loan is at 8% interest compounded annually. The present value factor for 3 years at 8% is 0.7938. The present value of the loan (rounded) is:

$15,877

$12,400

$9,200

$47,630

Krackel Corporation had net income of $45,000, net sales of $1,000,000, and average total assets of $600,000. Its return on total assets is:

3%

200%

7.5%

1.5%

A company reported that its bonds with a par value of $50,000 and a carrying value of $57,000 are retired for $60,000 cash, resulting in a loss of $3,000. The amount to be reported under cash flows from financing activities is:

(3,000)

(60,000)

(57,000)

Zero. this is an operating activity

Zero this is an investing activity

A corporation reported cash of $14,000 and total assets of $178,300. Its common-size percent for cash equals:

.0785%

7.85%

1273%

7850%