If net cash flows from operating activities were $388,000, net incore were $100,000 and net sales were $1,200,000, the cash flow yield would equal (round to two decimals): 1) 3.09 times 2) $812,000 3) $288,000 4) 3.88 times A deposit of $5,800 made at the end of each for two years and earning 12% interest compounded annually would grow to how much at the end of two years? 1) $12.296.00 2) $ 7,273.20 3) $11,600.00 The most common type of long term debt is a: 1) Bond payable 2) Note payable 3) Pension 4) Mortgage payable On January 1, 2019 Lambert Co. sold to Day Corp. $400,000 of its 10% bonds for $354,118 when the market rate is 12%. Interest is payable semiannually on January 1 and July 1. What is the carrying value of the bonds on July 1, 2019 (after one interest payment): Just think! 1) $400,000 2) $354,118 3) $355,365 4) This is too hard. Ask Mayor Lightfoot