Multiple Choice

• 6%

• 12%

• 10%

• 9%

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Mary's Music Store reported net income of $140,000. Beginning balances in Accounts Receivable and Accounts Payable were $25,500 and $17,500, respectively. Ending balances in these accounts were $34,500 and $12,800, respectively. Assuming that all relevant information has been presented, Mary's net cash flows from operating activities would be: Multiple Choice $135,700. O $144,300. o $153,700. $126,300. On January 1, 2021, Splash City issues $450,000 of 9% bonds, due in 10 years, with interest payable quarterly each year. Portions of the bond amortization schedule appear below: Interest Increase in Cash paid for interest Date expense carrying value 1/1/2021 3/31/2021 6/30/2021 Carrying value $371,988 $373,023 $374,089 $10,125 $10,125 $11,160 $11,191 $1,035 $1,066 What is the market annual interest rate? Multiple Choice 6% 12% 10%