Question
BehrenIncorporated had the following transactions: Issued stock for $15,000 cash Paid $2,000 in cash for dividends. Purchased a building for $35,000. Received cash revenues from
- BehrenIncorporated had the following transactions:
- Issued stock for $15,000 cash
- Paid $2,000 in cash for dividends.
- Purchased a building for $35,000.
- Received cash revenues from customers for $50,000.
- Paidoperating expenses of $38,000.
- Assuming that these are the only transactions, what is the amount of the net cash flows fromfinancingactivities onBehren'scash flow statement?
- a.$20,000
- b.$15,000
- c.$13,000
- d.$12,000
QUESTION 37
- BehrenIncorporated had the following transactions:
- Issued stock for $15,000 cash
- Paid $2,000 in cash for dividends.
- Purchased a building for $35,000.
- Received cash revenues from customers for $50,000.
- Paidoperating expenses of $38,000.
- Assuming that these are the only transactions, what is the amount of the net cash flows frominvestingactivities onBehren'scash flow statement?
- a.($35,000)
- b.$12,000
- c.$35,000
- d.$15,000
Nesbitt Inc. wishes to have $200,000 in three years.Neil Nesbitt, the CFO, has found an investment that will pay a 6% compound rate of interest.Compute the amount that Neil must deposit now for the investment to be worth $200,000 three years from now.Use the Time Value of Money table attachment.
a.$200,000
b.$167,924
c.$188,000
d.$164,000
The Brookfield Company invests $500,000 on January 1, 2020 in an account that will pay 5%interest compounded annually for six years.Compute the value of the investment at the end of 2025. Use the Time Value of Money table attachment.
a.$670,048
b.$669,110
c.$753,782
d.$500,000
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