Question
Roman Corporation reports: Cash provided by operating activities $240,000 Cash used by investing activities 110,000 Cash provided by financing activities 250,000 Ending cash balance 420,000
Roman Corporation reports:
Cash provided by operating activities $240,000
Cash used by investing activities 110,000
Cash provided by financing activities 250,000
Ending cash balance 420,000
What is Roman beginning cash balance?
Q2
Saucer Corporation reports the following information:
Net income $300,000
Depreciation expense 70,000
Decrease in accounts receivable 30,000
Increase in inventories 15,000
Saucer should report cash provided by operating activities of
Q3
Tepee Co. has a machine that cost $450,000. It is to be leased for 20 years with rent received at the beginning of each year. Tepee wants a return of 10%. Calculate the amount of the annual rent.
Present Value of
Period Ordinary Annuity
19 8.36492
20 8.51356
21 8.64869
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