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Kryger [21]
4 years ago
15

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $35,5

00; net cash used in investing activities was $13,000 and net cash used in financing activities was $16,500. If the beginning cash balance is $6,500, what is the ending cash balance
Business
1 answer:
torisob [31]4 years ago
6 0

Answer:

The answer is $38,500

Explanation:

Operating activities: Cash generated or used to run the day-to-day business operations.

Investing activities: Cash used for investing in assets like securities, bonds, equipment, or proceeds from these assets.

Financing activities: Cash generated from loan and/or payments made to reduce loan balances

Ending cash balance = Net Cash from operating activities + net cash from investing activities - net caash from financing activities + Beginning cash balance

Ending cash balance = $35,500 + $13,000 - $16,500 + $6,500

$38,500

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Illusion [34]

Answer:

8.31 years

Explanation:

For this question, we have to calculate the number of years by applying the NPER formula which is attached in the attachment below:

Given that,  

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The formula is shown below:

= NPER(Rate,PMT,PV,-FV,type)

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3 years ago
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Fed [463]

Answer:

diversify  

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Mutual funds ' main types comprise open-ended securities, investment vehicles with groups, and closed-end assets. Exchange-traded funds (ETFs) are open-end securities or funds with investment groups listed on markets. Many close-ended securities often mimic exchange-traded funds, as they can be exchanged on stock markets in order to enhance liquidity.

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3 years ago
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3 years ago
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icang [17]

Answer:

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