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castortr0y [4]
3 years ago
8

Larkspur, Inc. reported net cash provided by operating activities of $380,000, net cash used by investing activities of $154,700

(including cash spent for capital assets of $201,000), and net cash provided by financing activities of $84,400. Dividends of $128,500 were paid.What was the cash flow provided (used) by financing activities?A) ($95,000)B) ($93,000)C) ($97,000)
D) Cannot be determined from information provided.
Business
1 answer:
Nonamiya [84]3 years ago
6 0

Answer:

The correct option is D, cannot be determined from information provided

Explanation:

The cash used(provided) by financing activities is the difference between the cash provided by financing activities of $84,400 and the amount of dividends paid to stockholders which is $128,500.=$44,100.

The amount calculated above is not one of the options available, hence it is very safe to say that the correct option is that cash provided(used) by financing activities cannot be determined from the information provided.

You might be interested in
Which of the following would be an example of mechanical convection?
sdas [7]

Hi!


Option A is correct.


In cooking, convection is the phenomena that causes molecules with a higher energy at the bottom of a container to travel upwards, and the molecules at the top with a lower energy to sink to the bottom and replace them.

Mechanical convection describes this phenomena as a result of the application of an external force.

This phenomena is restricted to substances that are in liquid, or gaseous state, as molecules of a substance in solid state have a very restricted movement.

Hence, options B, C and D are incorrect.


Hope this helps!



3 0
3 years ago
An insured submits a claim form that has been intentionally and falsely altered in order to receive a benefit. which term best d
saul85 [17]
Fraudulent is a term that best describes this submission.
4 0
4 years ago
Four percent of the customers of a mortgage company default on their payments. a sample of five customers is selected. what is t
Maurinko [17]
We can use the formula for binomial distribution in calculating for the probability that exactly two customers out five will default on their payments.

The formula is:   P(r) = nCr*q^(n-r)*p^r   
Where:
n = sample size, 5
r = successes, 2
q = failure rate, 96% = 0.96
r = success rate, 4% = 0.04  

Substituting on the formula:
P = 5C2*0.96^3*0.04^2 
<span>P = 0.0142 or 1.42%</span>
8 0
4 years ago
The formula for the simple deposit multiplier is :______
Sphinxa [80]
It can be any of them but i think simple deposit multiplier = 1/1RR
4 0
4 years ago
How old do you have to be to get a reverse mortgage
Murljashka [212]

Answer: Minimum 62 years

Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.

HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.

6 0
3 years ago
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