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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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