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Kay [80]
3 years ago
7

New England Co. had net cash provided by operating activities of $351 ,000; net cash used by investingactivities of $420,000; an

d cash provided by financing activities of $250,000. New England's cash balancewas $27 ,000 on January 1. During the year, there was a sale of land that resulted in a gain of $25,000 andproceeds of $40,000 were received from the sale. What was New England's cash balance at the end of theyear?a. $27,000b. $40,000c. $208,000d. $248,000
Business
1 answer:
Ira Lisetskai [31]3 years ago
7 0

Answer:

d. $248,000

Explanation:

beginning cash balance            27,000

operating activities 351,000

investing activities (420,000)

financing                 250,000

cash generate during the year 181,000

ending cash balance                208,000

<u>Note:</u>

The information of the sale of land is contained with the investment activities.

The proceeds from sales are in the operating activities.

<u>We just need to calculate using the total for each activity.</u>

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Explained below.

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3 years ago
Loni delivers her Mazda to be repaired at Nile’s Body Shop. Loni agrees to pay cash. Nile performs, but Loni does not pay. Nile
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Answer:  Option C

                 

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8 0
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During which period does the fed appear to be most anti-inflation? explain your answer
Tomtit [17]

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5 0
1 year ago
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Reil [10]

Answer:

What type of competitive growth strategy is Jessica's manager discussing?

c. product development

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4 0
2 years ago
A firm expects to pay dividends at the end of each of the next four years of $2.00, $1.50, $2.50, and $3.50. If growth is then e
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Answer:

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P0 = $43.96935449 rounded off to $43.97

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