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QUESTION 37 Autumn Company purchased a building on January 2 by signing a long-term $600,000 mortgage with monthly payments of $5,400. The mortgage carries an

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QUESTION 37 Autumn Company purchased a building on January 2 by signing a long-term $600,000 mortgage with monthly payments of $5,400. The mortgage carries an interest rate of 9 percent Calculate them amount owed on the mortgage after the first month's payment tround to the nearest dollar, le. 628,951.65 should be entered as 628,952) QUESTION 40 In the Papyrus Corporation, cash receipts from customers were $142,000, cash payments for operating expenses were $121,000, and the company paid $6,000 for income taxes during the year. Calculate net cash provided by operating activities, QUESTION 25 Jean's Vegetable Market had the following transactions during 2020: 1. Issued $60,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $31,000. 3. Acquired land by issuing common stock of par value $50,000 4. Declared and paid a cash dividend of $5.000. 5. Sold a long-term investment (cost $3,000) for cash of $4,000 6. Acquired an investment in IBM stock for cash of $11,000 Calculate the net cash provided by Investing activities? (positive answer indicates net cash inflows and negative answer indicates net cash outflows) QUESTION 26 Blaney Clothing Store had a balance in the Accounts Receivable account of $680,000 at the beginning of the year and a balance of $920,000 at the end of the year.Net credit sales during the year amounted to $6,000,000 Calculate the accounts receivable turnover (round answer to one decimal place, le 7.666 should be entered as 7.7)

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