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Hefty Inc. reported the following information for the year:
· cash inflows from operating activities of $167,000· cash outflows from investing activities of $212,000· cash inflows from financing activities of $68,000· net loss of $12,000· Beginning cash balance of $8,000.
Required:
a) Determine the ending balance in cash as reported on the cash flow statement.b) Explain how it is possible for Hefty to have a net loss but a positive cash flow from operating activities.
Steve and Jim formed a partnership on January 1 with cash contributions of $600,000 and $400,000, respectively. The partners agree to share profits and losses equally. The partnership immediately borrowed $200,000. What is Jim's tax basis in his p..
How much would you have to invest now in one lump sum, instead of the continuous stream, in order to build to the same 6year future value
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Prepare a multiple-step income statement; 100,100 shares of common stock were outstanding during the year.
The individual stores in the Mark Goodwin convenience chain prepare two copies of goods requisition form (GRF) when they need to order merchandise from the central warehouse.
In addition, Austin estimates that the new machine will increase the company's annual net cash inflows by $35,000. The machine will have a 12-year useful life and no salvage value.
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In the month of June, Paula's Beauty Salon gave 3,800 haircuts, shampoos, and permanents at an average price of $32. During the month, fixed costs were $17,664 and variable costs were 77% of sales.
Accrued rents on the apartment building are as follows" 70,000 (date of death) and 60,000 (six months later). In order to pay expenses, the executor of Arlene's estate sells the Tan stock for $600,000 eight months after her death.
The mortgage holder on the vacation home agreed to reduce the mortgage from $60,000 to $50,000. The value of the personal residence was $80,000 and the value of the vacation home was $45,000 at the dates of the debt reduction.
what is the purpose of using regression analysis? how may it be used to formulate strategies? provide examples
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