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vodka [1.7K]
3 years ago
5

Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that stateme

nt: Net cash provided by operating activities $ 18,100 Net cash provided by investing activities 6,000 Net cash flow used in financing activities (10,600 ) Cash balance, end of year 18,100 What is the cash balance at the beginning of the year?
Business
1 answer:
vitfil [10]3 years ago
5 0

Answer:

Cash Balance at the beginning of the year = $4,600

Explanation:

Opening Cash Balance = Closing Cash Balance - Net Increase (Decrease) in Cash

Opening Cash Balance = $18,100 - $13,500 = $4,600

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(Present value) What is the present value of the following future amounts? a. $800 to be received 10 years from now discounted b
Oksanka [162]

Answer:

1. 308.43

2. 235.06

3. 789.41

4. 232.57

Explanation:

8 0
2 years ago
What is the real interest rate if the current nominal interest rate is 10% and the inflation is 6.5%
frez [133]

Answer:

65.0

Explanation:

it will mutiple the the inflation rate and the more the inflation the bigger the interest

3 0
2 years ago
Mitchell Co. has $1.1 million of debt, $3 million of preferred stock, and $3.3 million of common equity. What would be its weigh
Novay_Z [31]

Answer:

0.45

Explanation:

Calculation for What would be its weight on common equity

Using this formula

Weight on common equity= Common equity/(Debt+Preferred stock+Common equity+ )

Let plug in the formula

Weight on common equity=$3.3 million /($1.1 million +$3 million +$3.3 million)

Weight on common equity=$3.3 million/$7.4 million

Weight on common equity=0.45

Therefore What would be its weight on common equity is 0.45

3 0
2 years ago
Company X's current assets increased by $40 million from 2007 to 2008, while the company's current liabilities increased by $25
Virty [35]

Answer:

b. An increase of $15 million

Explanation:

The computation of the cash impact of the change in working capital is shown below:

As we know that

Working capital = Current assets - current liabilities

So, the change in working capital is

= Increase in current assets  - increased in current liabilities

= $40 million - $25 million

= $15 million

Hence, the b option is correct

7 0
3 years ago
The payment to entrepreneurship is called
Novay_Z [31]

<span>Profit is the payment to entrepreneurship. When the entity’s amount earned exceeds the amount spent in buying, operating, or producing something and it has a financial gain, this is then the term we call the profit.  This is what an entity obtains when the amount of revenue from a business activity exceeds the expenses, costs and taxes which are all needed to sustain the activity. The owner may or may not decide to use the profit on the business.  This is also defined as the money the business makes after all the expenses have been taken into account. It is any company’s goal to consistently earn profit. This is the reason why much of business performance is based on the various forms related to profitability. </span>

6 0
3 years ago
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