At the end of 2004, Lehnhoff Inc. had $75 million in cash. During 2005, the following events occurred: · Cash flow from Lehnhoff's operating activities totaled $325 million. · Lehnhoff issued $500 million in common stock. · Lehnhoff's notes payable decreased by $100 million. · Lehnhoff purchased fixed assets totaling $600 million. How much cash did Lehnhoff Inc. have at the end of 2005?

a. $200 Million
b. $50 Million
c. $1.4 Billion
d. $100 Million

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be:

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?