The following financial information is available for Dewitt Company: 20X5 20X4 Cash and cash equivalents $ 27,000 $22,500 Accounts receivable 37,500 33,000 Buildings 162,000 67,500 Accumulated depreciation (30,000) (24,000) Land 45,000 30,000 $241,500 $129,000 Accounts payable $39,000 $33,000 Long-term notes payable 75,000 30,000 Common stock 75,000 45,000 Retained earnings 52,500 21,000 $241,500 $129,000 Additional information: Net income for 20X5 was $40,000. No buildings were sold during 20X5. All building purchases made during 20X5 were made withcash. Note: The end-of-year data are in the LEFT column. What was the net cash provided by (used in) financing activities? $30,000 common stock $61,500 change in common stock + change in R/E $66,500 $75,000 common stock and long term notes payable

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances