Terps Corp.'s balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below. December 31, 2021 2020 Assets Cash $ 440,000 $ 200,000 Short-term investments 600,000 — Accounts receivable (net) 1,020,000 1,020,000 Inventory 1,380,000 1,200,000 Long-term investments 400,000 600,000 Plant assets 3,400,000 2,000,000 Accumulated depreciation (900,000) (900,000) Patent 180,000 200,000 Total assets $6,520,000 $4,320,000 Liabilities and Stockholders' Equity Accounts payable and accrued liabilities $1,660,000 $1,440,000 Notes payable (nontrade) 580,000 — Common stock, $10 par 1,600,000 1,400,000 Additional paid-in capital 800,000 500,000 Retained earnings 1,880,000 980,000 Total liabilities and stockholders' equity $6,520,000 $4,320,000 Information relating to 2021 activities: Net income for 2021 was $1,500,000. Cash dividends of $600,000 were declared and paid in 2021. Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2021 for $360,000. A long-term investment was sold in 2021 for $320,000. There were no other transactions affecting long-term investments in 2021. 20,000 shares of common stock were issued in 2021 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by 2021 financing activities was

Answers

Answer 1

Answer:

$480,000

Explanation:

              Cash-flow from Financing Activities

Particulars                                                                Amount

Due to change in notes payable                          $580,000

Due to change in common stock                          $500,000 (20000*$25)

Payment of common dividends                            ($600,000)

Net cash provided by financing activities           $480,000


Related Questions

Please help with the following question.

Answers

Answer:i dont really know

Explanation:

Capital budgeting is the process of making capital expenditure decisions. used in sell or process further decisions. of determining how much capital stock to issue. of eliminating unprofitable product lines.

Answers

Answer:

The correct answer is the first option: of making capital expenditure decisions.

Explanation:

To begin with, the term known as "Capital Budgeting", in the field of business management, refers to the method a company's manager use in order to see how profitable it is to start some new inversions or projects, therefore that the main purpose of this process is to involve the elaboration of a budget that will help the superiors of the organization to make capital expenditure decisions when they are looking for a new inversion or project to start with. It is very helpful in the situations where there is a need for evaluation of future prospects.

Which organization compiles data on individuals and businesses to report on their credit?
TransUnion
The Bureau of Consumer Protection
The National Credit Union Administration
Vantage Scores

Answers

Answer:

Option A

Explanation:

There are primarily three credit bureaus to which the Lenders go namely -

a) TransUnion

b) Equifax

c) Experian

These three agencies are interested in reviewing credit reports before lending any financial aid.

Hence, option A is correct

Answer:

TransUnion

Explanation:

Penny Arcades, Inc., is trying to decide between the following two alternatives to finance its new $28 million gaming center: a. Issue $28 million of 6% bonds at face amount. b. Issue 1 million shares of common stock for $28 per share. 2. Which alternative results in the highest earnings per share

Answers

Answer:

Penny Arcades, |nc.

a. Issue $28 million of 6% bonds at face amount.

Explanation:

Alternative A will surely result in higher earnings per share than Alternative B.  It has been established that some financial leverage enables the stockholders to earn more per share.  This is not a debatable issue.  The hard work lies with the corporation's ability to find the debtholders that can finance its activities and assets.  This means that the stockholders of Penny Arcades, Inc. will be at a much more financial advantage if they can find creditors to lend it the $28 million for the gaming center than making the finance available themselves.

In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem, you will explore how saving and investment are connected to the international flow of capital and goods in an economy. Before delving into the relationship between these various components of an economy, you will be asked to recall some relationships between aggregate variables that will be useful in your analysis.

Recall the components that makeup GDP. National income (Y) equals total expenditure on the economy's output of goods and services. Thus, where C= consumption, I= investment, G =government purchases, X=exports, M =imports, and NX= net exports.
Y= _____

Also, national saving is the income of the nation that is left after paying for _____. Therefore, national saving (S) equals:
S=_____

Rearranging the previous equation and solving for Y yields, Y= _____ Plugging this into the original equation showing the various components of GDP results in the following relationship:
S=_____

Answers

Answer:

Y = C + I + G + NX

S = Y - C

S = I + G + NX

Explanation:

National Income Y = C + I + G + NX ; {where consumption, investment, government purchases, net exports ie exports - imports are corresponding expenditure of households, firms, government, rest of the world}

National Saving (S) is income (Y) left after paying for consumption (C) . So, S = Y - C

Using above equations, Y = C + S , Y = C + I + G + NX

C + S = C + I + G + NX

So, S = I + G + NX

Perform a horizontal analysis providing both the amount and percentage change. (Round Percentage answers to 1 decimal place. Decreases should be indicated by a minus sign.)

Year
2021 2020
Cash $322,960 $880,000
Accounts receivable 702,240 280,000
Inventory 897,780 780,000
Long-term assets 3,536,680 2,380,000
Total assets $5,459,660 $4,320,000

Answers

Answer:

Find attached

Explanation:

Horizontal or trend analysis involves is a financial statement analysis technique that shows the percentage change or dollar change in a corresponding financial statement's item.

For example, the change in the fixed assets by a way of increase or decrease compared to last year's financial statements.

Formula:

change in a particular line item=(current year amount/previous year)-1

Other Questions
If (-10,8) is a point on the terminal side f a angle 0 in standard position what is the value of tan0? Vitamin B12, cyanocobalamin, is essential for human nutrition. It is concentrated in animal tissue but not in higher plants. Although nutritional requirements for the vitamin are quite low, people who abstain completely from animal products may develop a deficiency anemia. Cyanocobalamin is the form used in vitamin supplements. It contains 4.34% cobalt by mass. Calculate the molar mass of cyanocobalamin, assuming that there is one atom of cobalt in every molecule of cyanocobalamin. WebAssign will check your answer for the correct number of significant figures. g/mol Outside of the window, you see something that you can't believe...PLS WRITE A ESSAY! DUE IN 30 mins!! ZA and B are supplementary angles.If ZA measures 45, then what is the measure of ZB?1. 352. 453. 1354. 145 Matt drove 395 miles on 20 gallons of gas. If he hasenough money for 84 gallons of gas, how many milescan he drive? ILL GIVE BRAINLEST, please answer, no links, and explain please I need help please help me with this!!!!! What is the happiness to life ? I would like a little help please.Gru has 20 minions. The minion population increases by 20 each week. El Macho has 80 evil minions. His population decreases by 10 minions each week. When will they have the same number of minions? How many minions??x:y:solution:system:meaning of solution: if you know about golf please help PLEASE HELP ILL GOVE BRAINLYIST Solve 8y = 72.The solution is y = What is the following quote saying:"History never looks like history when you are living through it." --John W. Gardner"-- HELP PLEASE!!!!!! ASAPPPP When crops have two parents, their offspring will all be DIFFERENT.A TrueB False Ms. Parker determined that the mean test score in her first-period classwas 81 with a standard deviation of 7.06. The mean test score in hersecond-period class was 88 with a standard deviation of 8.24. Whichconclusion can be made about her students' test scores?A Period 2 had scores that were less spread out around the mean thanPeriod 1.B. Period 1 had scores that were less spread out around the mean thanPeriod 2.C. Period 2 had scores that were less spread out around the median thanPeriod 1.DPeriod 1 had scores that were less spread out around the median thanPeriod 2. Use English Alphabet, how many 6-character case-sensitive passwords are possible? For your history project, you need to write a magazine article about theattack on Pearl Harbor during World War II. Your teacher gives youcopies of real articles from American and Japanese newspapers fromthe era. You notice that the American newspapers call the Americansoldiers heroes, but the Japanese newspapers call the Japanesekamikaze pilots heroes.What can you infer about this assignment?O Your teacher wants you to examine how point of view influences hero selectionYour teacher wants you to see that some newspapers are more accurate than others.O Your teacher wants you to examine how the meaning of words changes over time.O Your teacher wants you to see that not everyone understands the definition of a hero. What is 80.4637 to the nearest whole number? Name 3 important organic molecules that are partially made from phosphorus. Yesenia has a 13 ft ladder that she placed against awall. How far up the wall will the ladder reach when thebase of the ladder is 5 ft from the wall? A teacher wrote this experssion on the board (-6)(2)+(-84) what is the vaule of this expression