Consider the following events: 25,000 shares of preferred stock, cumulative, 5%, $10 par was issued for $15 a share. the annual cash dividend was declared and paid to the above preferred stock. the company purchased 12,000 shares of common stock at $17 per share to be held as treasury stock. interest of $8,000 was paid to bondholders. bonds payable with a par value of $100,000 were retired at $108,000.compute the net cash flow from financing activities (parentheses indicate an outflow): a) $ 58,500b) $(71,500)c) $ 50,500d) $ 45,500

Avx home entertainment, inc., recently began a “no-hassles” return policy. a sample of 500 customers who recently returned items showed 400 thought the policy was fair, 32 thought it took too long to complete the transaction, and the rest had no opinion. on the basis of this information, make an inference about customer reaction to the new policy. (round your answers to 1 decimal place.)

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Your own record of all your transactions. a. check register b. account statement