Tiger Trade has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers $ 34,000 Cash received from the bank for long-term loan 39,000 Cash paid to purchase factory equipment (44,000 ) Cash paid to merchandise suppliers (10,800 ) Cash received from the sale of an unused warehouse 11,800 Cash paid to workers (22,800 ) Cash paid for advertisement (2,800 ) Cash received for sale of services to customers 24,000 Cash paid for dividends to stockholders (4,800 ) Assume the balance of cash at the beginning of the period is $3,800. Required: 1. Calculate the ending balance of cash.

Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)

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?