The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash $ 114,250 $ 128,400 Accounts receivable 79,200 93,500 Inventory 98,000 82,700 Prepaid rent 4,600 2,300 Long-term assets: Land 495,000 495,000 Equipment 802,000 685,000 Accumulated depreciation (431,000 ) (274,000 ) Total assets $ 1,162,050 $ 1,212,900 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 102,000 $ 87,700 Interest payable 6,450 12,900 Income tax payable 8,600 5,300 Long-term liabilities: Notes payable 107,500 215,000 Stockholders' equity: Common stock 715,000 715,000 Retained earnings 222,500 177,000 Total liabilities and stockholders' equity $ 1,162,050 $ 1,212,900 Additional Information for 2021: Net income is $72,000. The company purchases $117,000 in equipment. Depreciation expense is $157,000. The company repays $107,500 in notes payable. The company declares and pays a cash dividend of $26,500. Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)

Payday loans could be considered as a. illegal b.subprime lending c. good deal for borrower d. for frequent use

The u.s. stock market has returned an average of about 9% per year since 1900. this return works out to a real return (i.e., adjusted for inflation) of approximately 6% per year. if you invest $100,000 and you earn 6% a year on it, how much real purchasing power will you have in 30 years?

Daniel owns 100 shares of abc corporation's common stock. abc uses the fair value option, and recent declines in the firm's credit rating have caused the value of the firm's outstanding bonds payable to drop by 10%. daniel feels this is good news, but he wants to know what you think about the situation. which of the following represents your best response? a : "this situation may be positive for you in that the change in abc's credit standing indicates that the value of the firm's assets is likely increasing. however, the drop in bond value may negate any positive effects on your bottom line, because it means your claim on the firm's assets is simultaneously decreasing." b : "actually, this is bad news all around. the drop in the value of abc's bonds payable means shareholders' claims on the firm's assets have decreased. moreover, abc's declining credit rating means that the firm's assets are probably also dropping in value, thus magnifying your losses even more." c : "on the surface, this seems like good news because it means your claim on the firm's assets has increased. however, the drop in creditworthiness may also indicate that abc's assets are declining in value, thus offsetting any gains associated with the drop in bonds payable." d : "you're right! this is good news because it means that abc's debtholders have a decreased claim on the firm's assets. as a result, the firm's existing shareholders"like you"have seen their claim on the firm's assets increase."