17. The balance in a firm's cash account was $139,252 at the end of 2018. In...

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17. The balance in a firm's cash account was $139,252 at the endof 2018. In 2017, a firm had cash flows from operations of$317,848, cash flows from investing activities of negative $483,850and cash flows from financing activities of $172,500. What was thefirm’s beginning cash balance for 2018?

18. A firm reports net sales equal $965,250; gross profit equals$562,475; interest expense equals $36,750, addition to retainedearnings equal $127,624; dividends paid to preferred and commonstockholders equal $92,000; administrative and operating expensesequal $195,000. The firm's marginal tax rate is 30 percent. What isthe firm’s net income?

19. House Supply, Inc. has total assets of $3,425,825 of which$1,286,350 are current assets. Cash makes up 18 percent of thecurrent assets and accounts receivable makes up another 36 percentof current assets. House Supply’s gross plant and equipment has anoriginal cost of $2,467,400 and other long-term assets have a costvalue of $426,700. What is the balance of depreciation on HouseSupply’s balance sheet?

20. Cedar Stakes, Inc. has current liabilities of $203,450. Cashmakes up 16 percent of the current assets and accounts receivableequals $73,489. If Cedar Stakes has net working capital of $80,750,what is the amount of inventory?

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17. The balance in a firm's cash account was $139,252 at the endof 2018. In 2017, a firm had cash flows from operations of$317,848, cash flows from investing activities of negative $483,850and cash flows from financing activities of $172,500. What was thefirm’s beginning cash balance for 2018?18. A firm reports net sales equal $965,250; gross profit equals$562,475; interest expense equals $36,750, addition to retainedearnings equal $127,624; dividends paid to preferred and commonstockholders equal $92,000; administrative and operating expensesequal $195,000. The firm's marginal tax rate is 30 percent. What isthe firm’s net income?19. House Supply, Inc. has total assets of $3,425,825 of which$1,286,350 are current assets. Cash makes up 18 percent of thecurrent assets and accounts receivable makes up another 36 percentof current assets. House Supply’s gross plant and equipment has anoriginal cost of $2,467,400 and other long-term assets have a costvalue of $426,700. What is the balance of depreciation on HouseSupply’s balance sheet?20. Cedar Stakes, Inc. has current liabilities of $203,450. Cashmakes up 16 percent of the current assets and accounts receivableequals $73,489. If Cedar Stakes has net working capital of $80,750,what is the amount of inventory?