Answer:
The answer is $99700
Explanation:
Net cash from operating activity= Net income + Depreciation - increase in net working capital.
Net cash from operating activity= $96,200 + $6,300 - $2,800= $99700
The net income that must be expected to warrant starting the business is: $47,925.
<h3>Net income</h3>
Using this formula
Net income = ROE × Total equity
Let plug in the formula
Net income = 13.5% × $355,000
Net income = $47,925
Therefore the net income that must be expected to warrant starting the business is: $47,925.
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on january 1, you sold short one round lot (that is, 100 shares) of snow’s stock at $21 per share. on march 1, a dividend of $3 per share was paid. on april 1, you covered the short sale by buying the stock at a price of $15 per share. you paid 50 cents per share in commissions for each transaction.
