Alvez reports net income of $332,500 for the year ended December 31. It also reports $108,000 depreciation expense and a $11,650 loss on the sale of equipment. Its comparative balance sheet reveals an $46,800 increase in accounts receivable, a $11,850 decrease in prepaid expenses, a $17,950 increase in accounts payable, a $14,700 decrease in wages payable, a $87,100 increase in equipment, and a $116,500 decrease in notes payable. Calculate the net increase in cash for the year.

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.