1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zimovet [89]
3 years ago
11

Analysis reveals that a company had a net increase in cash of $21,540 for the current year. Net cash provided by operating activ

ities was $19,400; net cash used in investing activities was $10,700 and net cash provided by financing activities was $12,840. If the year-end cash balance is $26,100, the beginning cash balance was:
Business
1 answer:
Galina-37 [17]3 years ago
4 0

Answer:

$ 4,560

Explanation:

Given data:

The net increase in the cash = $ 21,540

Net cash provided by operating activity = $ 19,400

Net cash used in the investing activities = $ 10,700

Net cash provided = $ 12,840

The year end cash balance = $ 26,100

now,

the year end cash will be the total of the cash that was present initially and the net increase in the cash.

thus, mathematically

Year end cash balance = Beginning cash balance + Net increase in cash

on substituting the values, we have

$ 26,100 = Beginning cash balance + $ 21,540

thus,

the Beginning cash balance = $ 26,100 - $ 21,540 = $ 4,560

You might be interested in
Castillo Services paid K. Castillo, the sole shareholder of Castillo Services, $5,200 in dividends during the current year. The
olya-2409 [2.1K]

The entry to close the dividends account at the end of the year is: Debit cash $5,200 and Credit dividends $5,200

<h3>What is a dividend?</h3>

Dividend is a form of payment made by the company to its existing shareholders, usually as a distribution of profits. It is a portion of company's earnings during the period being returned to their investors.

Dividends are means of both profit distribution and incentives for the investor who keeps on investing in the company.

The entries for dividend accounts are :

Debit cash $5,200

      Credit dividends $5,200

Hence, the entry to close the dividends account at the end of the year is: Debit cash $5,200 and Credit dividends $5,200

Learn more about dividend here : brainly.com/question/25845157

6 0
2 years ago
. Define corporate-level strategy. What are the different levels of diversification firms
dsp73

Answer:

Tipos de diversificación empresarial

Explanation:

°Inversión propia. Constituye la fórmula de diversificación más seguida, puesto que supone echar mano de los recursos propios a la hora de intentar conquistar nuevos espacios productivos y clientes.

°Adquisición total o parcial de una empresa.

°Diversificación relacionada.

°Diversificación no relacionada.

8 0
3 years ago
45 on low of 6 a b c or d
MA_775_DIABLO [31]

Answer:

c

Explanation:

7 0
3 years ago
Read 2 more answers
In which of these instances is demand said to be perfectly inelastic?
Murljashka [212]

Answer:

b. A decrease in price of 2% causes an increase in quantity demanded of 0%.

Explanation:

By definition, the demand is said to be <em>perfectly inelastic</em> when no matter how much the price of a good changes, you will still be consuming the same exact amount as you did before the price changed.

Keeping this in mind, we know that the price may increase or decrease in 2%, but the demanded quantity will not have any change at all (people won't consume less or more).

So, now we know that the correct answer is <em>b, </em>because a decrease in price of 2% causes an increase in quantity demanded of 0% - in other words, people's purchase decision weren't influenced by the change in the price.

5 0
3 years ago
Firm K is planning on merging with Firm L. Firm K currently has 5,500 shares of stock outstanding at a market price of $28 a sha
prohojiy [21]

Answer:

5,792 shares

Explanation:

Value of share of K = $28

Increase in value of share due to synergy = $600 / 5,500 shares

Increase in value of share due to synergy = $0.11

New share value = $28 + $0.11

New share value = $28.11

Number of shares to be issued = $8,200 / $28.11

Number of shares to be issued = 291.71

New shares of Firm K = 5,500 shares + 291.71 shares

New shares of Firm K =  5791.71 shares

New shares of Firm K =  5,792 shares

3 0
3 years ago
Other questions:
  • Flannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $270. Annual fixed co
    5·1 answer
  • The form of resource (input) substitution where one input can be exactly substituted for another in production is known as: Sele
    5·2 answers
  • Select the correct answer.
    9·1 answer
  • Vulcan, Inc., has 8.5 percent coupon bonds on the market that have 8 years left to maturity. The bonds make annual payments and
    9·1 answer
  • A researcher may be investigating credit card usage and may want to see if high-income earners differ from moderate-income earne
    5·1 answer
  • When applying for a loan, the lending institution evaluates a potential borrower's ability to complete repayment on a loan, cash
    14·1 answer
  • Being a good corporate citizen and contributing to the community are examples of __ responsibilities.
    13·1 answer
  • Match the following characteristic with the relevant project team organizational structures. A project manager leads personnel f
    14·1 answer
  • g Gilberto Company currently manufactures 88,000 units per year of one of its crucial parts. Variable costs are $3.10 per unit,
    7·1 answer
  • Marin Golf Stores, Inc. operates a chain of golf equipment stores in the Western United States. In 2017 the company ran a promot
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!