The following financial information is available for Dewitt Company: 20X5 20X4 Cash and cash equivalents $ 27,000 $22,500 Accounts receivable 37,500 33,000 Buildings 162,000 67,500 Accumulated depreciation (30,000) (24,000) Land 45,000 30,000 $241,500 $129,000 Accounts payable $39,000 $33,000 Long-term notes payable 75,000 30,000 Common stock 75,000 45,000 Retained earnings 52,500 21,000 $241,500 $129,000 Additional information: Net income for 20X5 was $40,000. No buildings were sold during 20X5. All building purchases made during 20X5 were made withcash. Note: The end-of-year data are in the LEFT column. What was the net cash provided by (used in) financing activities? $30,000 common stock $61,500 change in common stock + change in R/E $66,500 $75,000 common stock and long term notes payable

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer